Alex Berenson Quotes
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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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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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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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Don't expect Barton Biggs to be offering his market insights on 'Bloomberg News' anytime soon. His plumber, maybe.
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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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Studies show that Avastin can prolong the lives of patients with late-stage breast and lung cancer by several months when the drug is combined with existing therapies.
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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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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 biggest profit center for investment banks is the hefty fees they charge for underwriting stock offerings and giving financial advice, and analysts put those profits at risk if they publish negative conclusions about the companies that pay the fees.
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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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For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy.
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Shareholder meetings are not usually the occasion for utter candor - or for that matter, arch sarcasm - by chief executives.
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Every public company depends to some extent on the trust of its investors.
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Trust-me companies are companies whose financial results gallop ahead of their businesses, companies with seemingly perfect control over their quarterly sales and profits. Companies whose financial statements are loaded with footnotes: companies that short-sellers often attack but rarely dent.
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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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Over the years, I've spent time in Saudi Arabia, the Bekaa Valley, Afghanistan, Jordan, and Kenya, among other vacation hotspots.
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The notion that employees and companies have a social contract with each other that goes beyond a paycheck has largely vanished in United States business.
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Most of America never noticed, but the 1990s were good times for trailer homes, a.k.a. manufactured housing. From 1991 to 1998, annual sales of manufactured homes more than doubled, to 374,000 from 174,000.
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Federal laws against kickbacks bar pharmaceutical companies from directly giving money to patients for co-payments on the drugs they make.
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Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.
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The fact that we haven't faced another major terrorist attack on American soil since Sept. 11 is a very significant achievement, and one that's easy to forget - it's the dog that doesn't bark.
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America Online, of course, is a master of the hard sell, from stuffing mailboxes with free trial offers to forcing subscribers to click through ads before they can get their e-mail.
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Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.
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Before Jason Bourne, before Jack Ryan, there was Bond, James Bond, the original two-dimensional, world-saving secret agent.