Arthur Levitt
Arthur Levitt
Arthur Levitt Jr.was the twenty-fifth and longest-serving Chairman of the United States Securities and Exchange Commissionfrom 1993 to 2001. Widely hailed as a champion of the individual investor, he has been criticized for not pushing for tougher accounting rules. Since May 2001 he has been employed as a senior adviser at the Carlyle Group. Levitt previously served as a policy advisor to Goldman Sachs and is a Director of Bloomberg LP, parent of Bloomberg News...
NationalityAmerican
ProfessionPublic Servant
Date of Birth3 February 1931
CountryUnited States of America
Arthur Levitt quotes about
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.
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.
While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.
Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.
If you compensate a CEO by giving him options, he's going to do everything he can to make those options as valuable as possible.
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.
Sandy reacted to his times, and Chuck Prince is going to have to determine what his times are and how he should deal with that era.
The American economy is the eighth wonder of the world. The ninth is the economic ignorance of the American people.
do whatever was possible to expedite the process.
Our role is to maintain and monitor a framework in which fair competition can flourish.
They have been compared to a high-tech version of morning gossip or advice at the company water cooler, ... At least you knew your co-workers at the water cooler.
While private equity will remain technically private, its actions will become the public's concern.
Today it's fashionable to talk about the New Economy, or the Information Economy, or the Knowledge Economy. But when I think about the imperatives of this market, I view today's economy as the Value Economy. Adding value has become more than just a sound business principle; it is both the common denominator and the competitive edge.