Gary Weiss Quotes
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People are told their rights when they're arrested. Consumers getting collection letters are entitled to the same courtesy.
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Legitimate institutions historically have been defenseless in the face of outright fraud.
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All too often, the pitchmen are selling the notion that if you gain 'control' over your financial destiny - pick your own stocks and execute your own trades - it will be the first step on a short road to riches.
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For the Amex, which has been casting around for a role for itself, microcaps fill a crucial void - a 'niche' that Amex officials feel has been neglected.
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The Amex has a long, often troubled, sometimes glorious history.
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If you think Wall Street has a short memory, you're dead wrong. No, the folks who work on Wall Street, regulate Wall Street - and, above all, invest in its wares, notably its hedge funds - don't have a bad memory. They don't have any memory at all.
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The media and marketing deluge has spawned a new type of Wall Street loser: the armchair momentum player. These are novice investors who engage in short-term stock buying and selling based on media reports or an expert's enthusiasm.
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In the U.S., diversity is a politically correct slogan. In India, it is a historical fact. Much as we in the West may resent it, India has a lot to teach us when it comes to religious tolerance.
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There are a lot worse things you can do with all your bucks than giving them to even a mediocre mutual fund - such as, for example, giving them to a mediocre hedge fund. If supporting the lifestyle of a mediocre fund manager is your favorite charity, who am I to stop you?
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Numerous academic studies have shown that amateur investors make poor traders - buying stocks for the wrong reasons, holding losers for too long, and acting on whims and emotions.
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India may be the only country in the world that has been free of anti-Semitic prejudice throughout its history.
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Mutual funds dare to be average. In fact, they dare to be lousy. They have long since ceased striving for anything resembling perfection when it comes to managing your money.
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With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated.
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Excessive hype, bankruptcy, cash burning like autumn leaves - such is the stuff of short-selling.
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When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934.
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Even a casual reader of the financial pages knows that microcaps are a perennial headache for regulators and, above all, for investors because they have been prone to abuse by stock manipulators.
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I'm rooting for Saudi Arabia getting a seat on the U.N. Human Rights Council.
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Newt Gingrich is a boastful kind of guy. But when it comes to Wall Street, the former House speaker is surprisingly modest.
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The flip side of humiliation is pride.
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The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.
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With 'posts' running in the millions, Internet message boards have become an essential part of the savvy investor's arsenal.
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Beefs against debt collectors are consistently among the top complaints received by both the FTC and state attorneys general.
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When Corporate America finds a Jayson Blair in its midst, the standard operating procedure is to circle the wagons and deny that any form of liability extends up the chain of command.
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I'm not an ultra-libertarian who thinks there shouldn't be insider-trading laws at all.