Alex Berenson Quotes
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Determining how many asbestos suits have been filed or how much companies have spent to resolve them is difficult. Cases are filed in state and federal courts, and many companies do not disclose their spending on settlements.
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Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.
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Evidence of defendants' lavish lifestyles is often used to provide a motive for fraud. Jurors sometimes wonder why an executive making tens of millions of dollars would cheat to make even more. Evidence of habitual gluttony helps provide the answer.
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Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed.
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The Fed's ability to raise and lower short-term interest rates is its primary control over the economy.
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Wal-Mart does not do big mergers, though it will buy much smaller competitors in so-called 'tuck-in acquisitions.'
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When all the plants in a region are running at full steam, there is simply no way to get more power.
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Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced.
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HealthWell is just one of several foundations that assist patients in making their insurance co-payments for expensive drugs.
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Publicly traded United States companies report sales and profits to investors every quarter.
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Most companies can survive even if their debt ratings are lowered below investment grade, although they will have higher borrowing costs.
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For decades, Wall Street has charged companies a standard fee of 7 percent to sell their shares to the public.
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The difference between microeconomics and macroeconomics is a bit like the difference between biology and medicine. Knowing that certain genes increase the risk of cancer is relatively easy. Figuring out exactly which people will get sick, or how to cure them, is a lot more complicated.
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For a developing country, average long-run growth of 5 percent a year per capita is excellent, and 7 percent is stellar.
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The market always, in theory at least, looks ahead. And it's always trying to take in every bit of information that it can as quickly as it can. You don't really care so much if the company made a dollar last year; you want to know what it's going to make this year.
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Predicting the market is always tough.
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Even a war zone looks peaceful in most places, most of the time.
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The most distinguishing element of my novels is that I try as hard as I can - within the context of a popular commercial thriller - to make them feel authentic. Drawing on real locations and real events is part of that authenticity.
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Did anyone in the White House or the N.S.A or the C.I.A. consider flying to Hong Kong and treating Mr. Snowden like a human being, offering him a chance to testify before Congress and a fair trial?
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As the Nasdaq soared in 1999 and early 2000, demand for many offerings far exceeded the supply of shares available at the initial offering price.
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Robert M. Morgenthau, the Manhattan district attorney, has seen a few financial schemes in his time. As the lead local prosecutor in the world's financial capital, he has battled frauds like the Bank of Credit and Commerce International, which stole billions of dollars from investors worldwide.
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Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.
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Sochi started with the same problem as every Winter Olympics. Forget the crass commercialism, the fake amateurism, NBC's refusal to televise important events live to all its viewers. As an event, the Winter Games fail on the most basic level. They're lousy to watch.
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In general, investors prefer companies to reward executives for producing recurring income, not one-time gains.