A careful balance of 'bright-line' rules establishing clear limits, coupled with greater disclosure, seems both warranted and prudent,
More Quotes from Arthur Levitt:
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.Arthur Levitt
While fund performance is unpredictable, the impact of fees is not, ... A 1-percent annual fee will reduce an ending account balance by 17 percent after 20 years.
Arthur Levitt
These issues are not academic or peripheral -- they directly affect every mutual fund investor. ... One word above all must define a fund's overall management structure. That word is accountability. And, without strong independent directors, accountability is nothing more than words on a page.
Arthur Levitt
Sandy reacted to his times, and Chuck Prince is going to have to determine what his times are and how he should deal with that era.
Arthur Levitt
The motivation to satisfy Wall Street earnings expectations may be overriding common sense business practices, ... In the process, I fear, we are witnessing a gradual but inexorable erosion in the quality of financial reporting.
Arthur Levitt
Investors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical.
Arthur Levitt
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Based on Topics: Moderation & Temperance QuotesThe most reliable way to forecast the future is to try to understand the present.
John Naisbitt
A graceful and honorable old age is the childhood of immortality.
Pindar
The study of social progress is today not less needed in literature than is the analysis of the human heart.
Alfred de Vigny