Alex Berenson Quotes
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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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In market valuation, Yahoo is worth about as much Walt Disney and the News Corporation combined.
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Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.
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Some big banks remain wary of venture capital.
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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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On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient.
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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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The Fed's ability to raise and lower short-term interest rates is its primary control over the economy.
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Would-be drug companies must either produce medicines that stand up to federal scrutiny, demonstrate that their data has value to other companies, or go out of business.
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Normally, banks record profits on loans only as they are repaid, whether they securitize the loans or hold them on their books.
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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.
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Plumbing is usually boring.
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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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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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For decades, Wall Street has charged companies a standard fee of 7 percent to sell their shares to the public.
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Predicting the market is always tough.
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Iraq is short on capital, short on electricity, and short on management expertise, but it does not lack economic enthusiasm.
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Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.
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Even a war zone looks peaceful in most places, most of the time.
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Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
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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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Bigger spreads mean bigger gaps between what buyers pay and sellers receive. For example, a spread of 10 cents a share means that the buyer pays $100 more for 1,000 shares than the seller receives.
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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.