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"I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that."
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"When buying and selling are controlled by legislation, the first things to be bought and sold are legislators."

"Everyone lives by selling something, whatever be his right to it."

"When in some communities selling drugs is so lucrative that that's a pretty big enticement that we have to break down. Part of that is by making opportunities and paying decent wages."

"After all we did for Britain, selling that corduroy and making it swing, all we got was a bit of tin on a piece of leather."
Explore more quotes by Arthur Levitt

"Our role is to maintain and monitor a framework in which fair competition can flourish."

"Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors."

"I think we have got to start thinking about banding together in terms of interested groups."

"The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues."

"Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology."

"Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up."

"Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches."

"It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole."

"Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry."
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