In addition, some money managers have come to believe that options have not lived up to their billing. The idea was that options would align top executives' interests with those of the shareholders. But they also give executives incentive to use questionable techniques to lift the stock -- often a short-term boost so they can cash out. The trouble with options, ... is that they allow management to get rich even if shareholders do lousy.
More Quotes from Christopher Davis:
Stocks generally produce higher returns than bonds, and ... the differences in performance really add up over time.Christopher Davis
We got involved because I saw some news article about it on the Internet, about a month after they put out the request for proposals.
Christopher Davis
I would encourage people to get a copy of the book. It's a good book to have.
Christopher Davis
Portfolio manager Bob Smith has been in charge since 1997 and is a very smart, capable investor who won't throw caution to the wind,
Christopher Davis
I think that in the high-tech area there were obvious areas of tremendous excess, and yet, of course, it's one of the great growth engines of the economy. Every investor thinking about the long term wants to own growth, but you have to buy it at a sensible price. And in the tech area, there are wonderful concepts, wonderful ideas, great productivity drivers, but still many overpriced issues,
Christopher Davis
We're ready to give Colorado a real run for their money.
Christopher Davis
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Howard Koch
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
William E. Simon
Never lose sight of the fact that all human felicity lies in man's imagination, and that he cannot think to attain it unless he heeds all his caprices. The most fortunate of persons is he who has the most means to satisfy his vagaries.
Marquis de Sade