Stephanie Ruhle Quotes

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

You know what term you don't hear anymore? Arbitrage. The markets have gotten too efficient.

Wall Street people learn nothing and forget everything.

Trading is very competitive and you have to be able to handle getting your butt kicked.

But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.

Some hedge fund managers have made big bucks trading oil futures - George Soros is one.

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.

There’s a lot of money in making financial products whose risk few understand. Simplicity might be good for economics, but it’s lousy for Wall Street bonuses.

No doubt bias exists everywhere, but Wall Street is a ferocious battlefield with everyone in search of the next rainmaker or best strategy. It shouldn't matter who delivers it.

All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.

People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

Banking types should take their cue from Gordon Gekko. Or pick the best-looking banker in their firm and copy him.

The people who work in Wall Street still look up to Gordon Gekko. He's sort of a guru.

Wall Street is always too biased toward short-term profitability and biased against long-term growth.

Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.

I always try to communicate to our people that we can never make enough money. We can never make enough profit.

When I ran the stock exchange, it was the most successful it's been in its 200-plus-year history. And I was rewarded for success; I would not have been rewarded if we failed.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

The trouble is that the average trader on Wall Street, he or she is so young, he doesn't even remember the recession of 2001, let alone the previous one.

It seemed glamorous when I used to go into work and get to be on a trading floor or see how the business worked a little bit before I ever understood what it was.

I invested in many companies, and I'm happy this one worked. This is capitalism. You invest in stock, it goes up, it goes down. You know, if you don't like capitalism, you don't like making money with stock, move to Cuba or China.

Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.

You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.

If your goal is anything but profitability - if it's to be big, or to grow fast, or to become a technology leader - you'll hit problems.