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.

George Orwell once blamed the demise of the English language on politics. It's quite possible he never read a prospectus.

Investors 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.

One 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.

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.

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

Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.