Posts Tagged ‘investors’

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Stephen Sondheim: Too Expensive

Posted by admin on Friday, November 26, 2021

Stephen Sondheim Money Quote saying the cost to invest in theater productions is beyond individuals and requires corporate investment. Stephen Sondheim said:
 
You can't have personal investors anymore because it's too expensive, so you have to have corporate investment or a lot of rich people Quote
 

“You can’t have personal investors anymore because it’s too expensive, so you have to have corporate investment or a lot of rich people” — Stephen Sondheim

 

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This quote by Stephen Sondheim is referring to financing for theatrical productions on Broadway. He is saying that it is now too costly for individual investors to solely finance a Broadway show, so productions require either corporate sponsorship or funding from multiple wealthy individuals pooling their money together.

The high expenses of Broadway productions have made it challenging for shows to be supported through sole personal investments. Sondheim is observing that the financial model has shifted away from relying on single investors toward corporate backing or collaborations among affluent benefactors.

Birthday: March 22, 1930 – Death: November 26, 2021

Dylan Ratigan: Buy Up Assets

Posted by admin on Friday, May 8, 2020

Dylan Ratigan Money Quote saying funds from the Cares Act was given inappropriately to banks and investors to acquire assets of those losing them. Dylan Ratigan said:
 
This is not a bailout for the American people, this is giving cash to a small group of investors and banks so that they can buy up bankrupt assets from everybody else Quote
 

“This is not a bailout for the American people, this is giving cash to a small group of investors and banks so that they can buy up bankrupt assets from everybody else” — Dylan Ratigan

 

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In this quote, Dylan Ratigan is criticizing the 2008 bank bailouts as not truly being intended to help average Americans, but rather to benefit major financial institutions and wealthy investors. He argues that the bailouts were not about supporting the broader economy or people facing hardship, but rather served to provide large sums of cash to a small number of banks and investors so they could purchase distressed assets from others at reduced prices.

Ratigan portrays the bailouts as a way for large financial entities to profit further by using taxpayer money to take over troubled companies and properties on the cheap, rather than as an economic stimulus. The quote suggests the bailouts prioritized rescuing investors and banks from the consequences of their actions over assisting ordinary citizens struggling in the recession.

Overall, Ratigan conveys a skeptical view that the bailouts were more of a backdoor transfer of wealth to Wall Street rather than an effective means of stimulating the real economy and aiding Americans facing unemployment, foreclosure or other hardships.

Mary Jo White: Crowdfund Capital

Posted by admin on Friday, September 27, 2019

Mary Jo White Money Quote saying that there is great interest in creating a new method to raise capital for business through crowdfunding by adapting SEC rules. Mary Jo White said:
 
focused on the best ways to protect investors while ensuring that securities-based crowdfunding is a workable path for raising capital by smaller companies Quote
 

“This rulemaking has generated tremendous interest from potential issuers, investors, and intermediaries. The more than 480 comment letters we received raised a number of important issues, focused on the best ways to protect investors while ensuring that securities-based crowdfunding is a workable path for raising capital by smaller companies” — Mary Jo White

 

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In this quote, Mary Jo White is referring to a rulemaking process around equity crowdfunding regulations. She notes there was massive interest from various stakeholders who would be impacted, as evidenced by the over 480 public comments received.

White acknowledges the comments “raised a number of important issues” and that the goal is finding the right regulatory approach to both “protect investors” from potential harms, while also ensuring securities-based crowdfunding is a “workable path” for small companies to raise capital through this new means.

Overall, the quote conveys White’s recognition that crafting effective regulation in this new area requires carefully considering diverse perspectives to balance investor protections with allowing the market to function, in order to benefit both participants and the broader economy.

Peter Lynch: Investors Lost in Corrections

Posted by admin on Thursday, January 18, 2018

Peter Lynch Money Quote saying everyone worries about overvalued stock market drops to correct bubbles in valuation while they have lost more in fearful protective moves. Peter Lynch said:
 
Far more lost by investors preparing for corrections than lost in corrections themselves Quote
 

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves” — Peter Lynch

 

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Peter Lynch is saying that many investors lose more money by trying to anticipate stock market corrections and selling their investments before a correction occurs, rather than just remaining invested through an actual market correction. By selling early to try to avoid losses, these investors often end up missing out on gains when the market rebounds. Lynch argues it is usually better to remain invested with a long-term perspective rather than trying to time short-term market movements, which is very difficult to do successfully.

  1. It’s very difficult to successfully predict short-term ups and downs in the market. Most individual investors struggle with market timing.
  2. By remaining invested through downturns, you’ll be able to benefit when prices rebound and the market rises again over the long run.
  3. Investors who try to time the market often miss out on gains if they sell before a recovery.

Lynch believes focusing on long-term investing in strong companies, rather than short-term trading, leads to better overall returns for most people.

Andy Green: Wells Fargo Fraud & KPMG

Posted by admin on Saturday, August 19, 2017

Andy Green Money Quote saying few have asked why outside auditors (KPMG) didn’t call attention to Wells Fargo fraudulent sales practices. Andy Green said:
 
There’s been far too little attention since the [Wells Fargo] crisis  on how the external auditors [KPMG] should be looking out for the public. They are not just bookkeepers, but the investors’, and the capital markets’ last defense against accounting manipulation and fraud Quote
 

“There’s been far too little attention since the [Wells Fargo] crisis on how the external auditors [KPMG] should be looking out for the public. They are not just bookkeepers, but the investors’, and the capital markets’ last defense against accounting manipulation and fraud” — Andy Green

 

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In this quote, Andy Green is strongly criticizing the oversight role played by external auditing firms like KPMG in the wake of accounting scandals like those at Wells Fargo. By stating auditors should not be viewed as “just bookkeepers” but rather the “last defense” protecting investors and markets from deception, Green argues they have a higher public duty than simply verifying numbers.

He implies auditors are not fulfilling their responsibility to diligently search for impropriety if they act as passive financial statement reviewers rather than taking proactive measures to uncover intentional obfuscation or fraud. Green’s perspective conveys that auditors must serve as vigilant guardians of transparency, not just validators of ledgers.

The overall interpretation is that Green views lax auditing as enabling deception and believes stricter scrutiny is needed from these firms tasked with maintaining trust for stakeholders in financial markets.

Bernie Sanders Wells Fargo business model fraud
 

John Bogle: Investors Pay Nothing

Posted by admin on Wednesday, May 24, 2017

John Bogle Money Quote saying he defines ironic as getting all when paying none in the stock market. John Bogle said:
 
The grim irony of investing, then, is that we investors as a group not only don’t get what we pay for, we get precisely what we don’t pay for. So if we pay for nothing, we get everything Quote
 

“The grim irony of investing, then, is that we investors as a group not only don’t get what we pay for, we get precisely what we don’t pay for. So if we pay for nothing, we get everything” — John Bogle

 

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In this quote, John Bogle is criticizing high fees and expenses in the mutual fund industry. By stating that collectively “we investors as a group not only don’t get what we pay for, we get precisely what we don’t pay for”, Bogle implies that high costs do not translate to better returns.

He suggests that if investors paid little to no fees (“if we pay for nothing”), they would achieve comparable or better returns since less money would be siphoned off to fees before returns are realized.

The interpretation is that Bogle views high fees as providing no real value to investors’ bottom lines, since performance is more dependent on market forces than on what fund managers are paid.

Bogle’s perspective conveys that high costs are essentially a drag on returns without buying investors any additional benefits. The overall message is that Bogle presents fees more as a subtraction from investors’ wealth accumulation rather than a justifiable expense for actively managed services.

Birthday May 8, 1929 – Death: January 16, 2019

Elayne Boosler: SEC Kisses Schwab

Posted by admin on Tuesday, March 28, 2017

Elayne Boosler Money Quote saying money market investors taken to cleaners by Charles Schwab were repaid pennies on dollar for lost investment money. Elayne Boosler said:
 
Charles Schwab plead out to a deal that repaid innocent money market investors about ten cents on the dollar Quote
 

“I totally, totally resent the fact that the SEC (is the rest of its name “RET”?) let Charles Schwab plead out to a deal that repaid innocent money market investors about ten cents on the dollar” — Elayne Boosler

 

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In this quote, Elayne Boosler is criticizing a decision by the Securities and Exchange Commission (SEC) regarding the financial company Charles Schwab. Schwab had to repay investors in its money market funds who lost money, but the SEC settlement allowed Schwab to repay only about 10 cents for every dollar lost.

Boosler expresses resentment that the SEC negotiated a plea deal with such a low reimbursement amount, which meant innocent investors were left shouldering most of the losses. Her comment suggests regulators should have held Schwab more accountable and recovered closer to full restitution for those harmed.

Overall, the message seems to be one of frustration that the SEC settlement let Schwab off relatively easy for its role in the losses, leaving everyday investors to absorb the brunt of the financial impact.

Charles A. Jaffe: Investors Face Risk Always

Posted by admin on Wednesday, March 16, 2016

Charles A. Jaffe Money Quote saying sea mammals face risk when taking specific actions – but investors face risk always. Charles A. Jaffe said:
 
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk, no matter what they do Quote
 

“Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk, no matter what they do” — Charles A. Jaffe

 

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This quote from Charles A. Jaffe is comparing investment risk to the dangers faced by whales and turtles in their natural environments. It notes that whales only face the risk of being harpooned (hunted) when they come up for air at the surface, while turtles can only make progress by extending their neck outward from their shell.

By analogy, Jaffe is suggesting that investors also inevitably face some degree of risk, no matter what approach they take – whether investing actively and exposing themselves to market fluctuations, or remaining on the sidelines without gaining potential returns.

The overall message is that risk is an inherent part of investing, just as environmental threats exist for whales and turtles regardless of their behaviors. There is no completely risk-free path for investors according to this perspective.

Birthday: 1917 – Death: August 16, 2011

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