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.
Arthur Levitt JrI 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.
Arthur Levitt JrAnother misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.
Arthur Levitt JrI think we have got to start thinking about banding together in terms of interested groups.
Arthur Levitt JrFirms need to ensure that their ability to provide effective customer service keeps pace with their growth. If you're marketing your firm to new customers, you better be able to provide them service when they do business with you.
Arthur Levitt JrGeorge Orwell once blamed the demise of the English language on politics. It's quite possible he never read a prospectus.
Arthur Levitt JrWe should never lose sight of the underlying essence of a market-a place where buyers and sellers come together. Every other feature-whether crafted by tradition or technology-exists only to serve that primary purpose.
Arthur Levitt JrOne way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.
Arthur Levitt JrToday 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.
Arthur Levitt JrInvestors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical.
Arthur Levitt Jr