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.

Another 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.

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.

Over the past two decades, we have clearly seen an erosion of ethical values.

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.

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.