Investment Products Quotes

Main Street investors, who cannot trade credit default swaps, should not be tempted to trade an instrument with the same risk profile simply because it has been given a different name.

The reason so many financial advisors are called brokers is because they are often broker than you.

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk.

Any Wall Street advertising that does not go into the boring details of methodology is most likely to be pushing past performance.

Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds

I sell these intermediate bond portfolios for people that can't go to stocks.