Kenneth Fisher Quotes

Get inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all of your money.

Because the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.

Investors are sometimes too busy looking for profits to notice where the truth ends and the deception begins.

Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.

There’s a lot of greed on Wall Street.

At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.

Speculator: One who bought stocks that went down.

I had some airline stock, but the airlines tanked. I didn't have a lot of money in them, though.

I don't think anyone would argue with the notion that there have been serious abuses on Wall Street.

Was I believer in Enron Corporation? Yes, sir, I was.

Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.

I could never gamble on stocks and shares because I saw my father get hurt that way - he lost quite a lot of money when the stock market collapsed in 2001.

When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

Wall Street is greedy, reckless and they operate illegally. That's fine. But what do you do?

If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.

Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.

Everything that happens on Wall Street only fortifies my opinion that there is in fact a more ludicrous industry than the entertainment industry.

Wall Street wants to keep its schemes too complicated to understand so that the roulette wheel can keep turning.

Deregulation created this epidemic of greed which according to the rules of capitalism was OK. Beyond that there was criminal behaviour. There have been no repercussions and it's hard to make your peace with.

The main purpose of the stock market is to make fools of as many men as possible.

The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America.

I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.

As for these speculators I wish every one of them would have his devilish head shot off.

The stock market is a racket. Those guys are crooks.

… the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.