Howard Lutnick Quotes

All the big online retailers are looking at how to enter the Russian market.

Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.

With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated.

E-commerce is a powerful means to connect the unconnected to global trade.

Each of us has come to share the same point of view, that a global e-marketplace is absolutely essential if we are to drive new levels of efficiency for the industry.

Now it's easy for someone to set up a storefront and reach the entire world in very modest ways. So these technologies that we thought would dis-intermediate traditional sellers gave more people the tools to be sellers. It also changed the balance of power between sellers and buyers.

Broadband gives small businesses the opportunity to broaden their customer base and reduce their overheads through e-commerce platforms.

The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.

When the commodities go up and the cost of transportation is going up, and the value of the dollar is going down, it's all going to translate to an 8 to 10 percent rise in food prices.

Within Internet users, you have a big chunk of people who can convert to online shopping.

Over many generations, fortunes in the business world were made through buying and selling products in physical stores. Internet fortunes have been made buying and selling products online.

The power of digital distribution over physical retail outlets is you have a chance to create a global audience.

Over the years, the technology of trade has changed in response to advances in the ability to communicate. From its origins on the streets of Chicago, the Board of Trade moved to a building housing 'trading pits' for the open-outcry exchange by brokers representing buyers and sellers.

It's a lot of work to sell one thing on the Internet.

We realized we had high-volume marketplace as a platform. Anyone can come in and buy with a subscription.

Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold.

How many soaps does P&G make? In a sense, they're all the same. Can you tell me the difference between trading soybeans, cotton and rubber? They're all soaps to us.

MF Global used to be known as Man Financial, and it had a reasonably good reputation. It did a humdrum business placing commodities trades for fund managers as well as farmers, grain dealers and others whose livelihoods depend on the vagaries of commodity prices.

We want to grow the total amount of online commerce.

We really see the future of what we call 'distributed commerce,' so how we get our content, our products, and our brands to consumers.

Consumption is still going up on Alibaba. This is because when the economy goes down people look online to Alibaba to buy cheaper things.

We're not waiting for the fashion cycle to have 180 buyers come in and see the collection and go, 'We like it, we'll buy it, and we'll have it in June.' The only one we're selling to is Net-A-Porter, and the rest is through our site.

The idea that commodities, as an asset class, is finished is just fundamentally flawed.

E-commerce is not an industry; e-commerce is a tactic.

More and more people are opening online stores and online retail businesses. This market is expanding very, very quickly.