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" Some hedge fund managers have made big bucks trading oil futures - George Soros is one. "
Gary Weiss
Hedge
Oil
Some
Related Quotes:
" The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices. "
Gary Weiss
Problem
Attention
Financial
" At their worst, message boards can subject you to mindless braying or outright stock scams. But at their best, they provide meaty insights on just about every stock imaginable. "
Gary Weiss
Just
Best
You
" Insider trading by hedge funds has a long and distinguished history, dating to the days when people didn't know that there was such a thing as a hedge fund. "
Gary Weiss
History
People
Long
" With 'posts' running in the millions, Internet message boards have become an essential part of the savvy investor's arsenal. "
Gary Weiss
Internet
Part
Become
" Conspiracy theories feed on opacity, and that's a longtime problem with short selling. Large long positions must be reported to the Securities and Exchange Commission in public filings, but not large short positions. "
Gary Weiss
Feed
Long
Problem
" The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed. "
Gary Weiss
Taking Risks
Risks
Heart
" Broadcasts from the floor of the New York Stock Exchange have propelled once-obscure financial journalists such as Maria Bartiromo to celebrity status and made CNBC to investors what ESPN is to sports fans. "
Gary Weiss
Sports
New York
Celebrity
" If you think Wall Street has a short memory, you're dead wrong. No, the folks who work on Wall Street, regulate Wall Street - and, above all, invest in its wares, notably its hedge funds - don't have a bad memory. They don't have any memory at all. "
Gary Weiss
Work
You
Think
" The Amex has a long, often troubled, sometimes glorious history. "
Gary Weiss
Troubled
Sometimes
Long
" George Soros is one of the few characters from the world of finance who deserves to be called larger-than-life. "
Gary Weiss
Characters
World
Who
" I'm rooting for Saudi Arabia getting a seat on the U.N. Human Rights Council. "
Gary Weiss
Human Rights
Saudi
Human
" Short-sellers perform a useful function in the market as conduits of negative information, and shorts often complain that they are discriminated against by regulators. "
Gary Weiss
Against
Negative
Complain
" When the Securities & Exchange Commission settled securities-fraud charges against Richard Harriton, former chairman of the clearing subsidiary of Bear, Stearns & Co., there were smiles all around. The SEC was happy. Harriton was happy. Bear Stearns was happy. "
Gary Weiss
Smiles
Happy
Against
" Despite all the drawbacks, the Internet provides a wide array of information - and some of it is being watched pretty carefully by the pros. "
Gary Weiss
Pretty
Internet
Information
" Legitimate institutions historically have been defenseless in the face of outright fraud. "
Gary Weiss
Institutions
Fraud
Face
" Debt collectors should be required to disclose the applicable statute of limitations in the body of their collection letters, in bold type. While it's not illegal to dun a consumer for an old debt, it is illegal to sue for one. "
Gary Weiss
Letters
Debt
Consumer
" For the Amex, which has been casting around for a role for itself, microcaps fill a crucial void - a 'niche' that Amex officials feel has been neglected. "
Gary Weiss
Casting
Been
Void
" People are told their rights when they're arrested. Consumers getting collection letters are entitled to the same courtesy. "
Gary Weiss
Same
Rights
People
" Even a casual reader of the financial pages knows that microcaps are a perennial headache for regulators and, above all, for investors because they have been prone to abuse by stock manipulators. "
Gary Weiss
Financial
Above
Abuse
" I've met Dick Syron. I like the guy. He's a man's man kind of character, a real charmer, the kind of guy you'd want to have a beer with, as well as being an economist of considerable repute. "
Gary Weiss
Character
Beer
Kind
" When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934. "
Gary Weiss
Financial
Steps
Bold
" Mutual funds dare to be average. In fact, they dare to be lousy. They have long since ceased striving for anything resembling perfection when it comes to managing your money. "
Gary Weiss
Long
Money
Striving
" Beefs against debt collectors are consistently among the top complaints received by both the FTC and state attorneys general. "
Gary Weiss
Complaints
Debt
General
" Humiliating events have a way of capturing the public's imagination. So it has been since antiquity, when gladiators were pitted against each other and the legions of Spartacus were crucified in endless rows on the way to Rome. "
Gary Weiss
Imagination
Rome
Way
" One problem with the focus on speculation is that it tends to promote the growth of the great intellectual cancer of our times: conspiracy theories. "
Gary Weiss
Great
Problem
Cancer
" Ordinarily, the feds piggyback on the S.E.C. in complicated financial cases, but history proves that breath-holding on that score is a dangerous endeavor. "
Gary Weiss
Dangerous
History
Financial
" India may be the only country in the world that has been free of anti-Semitic prejudice throughout its history. "
Gary Weiss
Country
History
Free
" In the U.S., diversity is a politically correct slogan. In India, it is a historical fact. Much as we in the West may resent it, India has a lot to teach us when it comes to religious tolerance. "
Gary Weiss
Diversity
Tolerance
Teach
" I'm not an ultra-libertarian who thinks there shouldn't be insider-trading laws at all. "
Gary Weiss
Laws
Who
Thinks
" Kochi, formerly called Cochin, is a former European settlement with a large Christian population and a seafaring heritage. It is a town of enormous charm that reminds some visitors of the Caribbean more than India. "
Gary Weiss
India
Charm
Christian