Madoff Securities is the world's largest Ponzi scheme.
Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.
Well, we want to make sure there's not securities fraud.
Ben was a great believer in buying a diversified group of securities, so that he limited his risk.
Buying and selling securities on the Stock Exchange do not start new industries. Big business never starts anything new. It merely absorbs, consolidates and profits at the expense of others.
We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced. . . we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.
What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
Life is defined more by its contrasts than its samenesses; Life is defined more by its risks than the many securities.
Everyone can feel the nothingness, the void, just beneath the surface of everyday routines and securities.
Change means traveling in uncharted waters and this causes our securities to rise.
In the United States, securities markets are much more developed than they are in Europe.
The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.
In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U. S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations.
In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.
The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average.
What goes on in Europe concerns us greatly because, if Europe comes apart, the E. U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.
We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.
Securities, certitudes and peace do not lead to discoveries.
Securities fraud generally and insider trading in particular should be eminently deterrable crimes.
