Alex Berenson Quotes
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In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.
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Traditionally, companies have made major announcements before or after the close of trading so that all interested investors and analysts are apprised of the news before trading resumes in their stocks.
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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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Iraq is short on capital, short on electricity, and short on management expertise, but it does not lack economic enthusiasm.
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The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves.
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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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Big companies, which spend tens of billions of dollars annually on 'call centers' to take orders and provide customer support, increasingly rely on speech recognition not just to handle requests for information but to process customer orders.
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Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements.
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Never underestimate the power of Abby Joseph Cohen.
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Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market.
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While Wall Street firms typically underwrite offerings in teams, the lead underwriter, or manager, of the offering has primary responsibility for selling the offering and reaps much of the fees and profit.
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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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It is a truth universally acknowledged on Wall Street that original research is on life support. Serious research can be bad for business, as well as expensive.
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Volatility may be rising simply because investors must digest more information every day.
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For as long as anyone can remember, reliable, cheap electricity has been taken for granted in the United States.
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Plumbing is usually boring.
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It has been said that the Fed's job is to take the punch bowl away just as the party gets going, raising interest rates when the economy is growing too fast and inflation threatens.
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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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Before Jason Bourne, before Jack Ryan, there was Bond, James Bond, the original two-dimensional, world-saving secret agent.
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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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The world is filled with great sporting events.
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Some big banks remain wary of venture capital.
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I think in some ways what Snowden is, is he's a mix of a cold war spy novel and post-9/11 spy novel.
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Even so, sometimes I wish I did have a little bit more flair in my language.