Over the past two decades, we have clearly seen an erosion of ethical values.
More Quotes from 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
Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.
Arthur Levitt
Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.
Arthur Levitt
While private equity will remain technically private, its actions will become the public's concern.
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
Millions of new investors have taken advantage of the unprecedented access and individual control the Internet provides. But new opportunities present all of us with new responsibilities, challenges and risks.
Arthur Levitt
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