Arthur Levitt Quotes


While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.


Citations

Levitt, Arthur. Take on the Street: What Wall Street and Corporate America Don't Want You to Know. Pantheon Books, 2002.

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Arthur Levitt
Arthur Levitt
  • Born: February 3, 1931
  • Nationality: American
  • Profession: Public Servant

Arthur Levitt Jr. is the former Chairman of the United States Securities and Exchange Commission (SEC). He served from 1993 to 2001 as the twenty-fifth and longest-serving chairman of the commission. Widely hailed as a champion of the individual investor, he has been criticized for not pushing for tougher accounting rules. Since May 2001 he has been employed as a senior adviser at the Carlyle Group. Levitt previously served as a policy advisor to Goldman Sachs and is a Director of Bloomberg LP, parent of Bloomberg News.