Alex Berenson Wall Quotations

In general, great companies prefer to grow 'organically,' as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.

It is a truth universally acknowledged on Wall Street that original research is on life support. Serious research can be bad for business, as well as expensive.

It's no secret that big institutional investors have a lot of advantages on Wall Street. They get the first chance to buy hot initial public offerings. They get to meet in person with companies' managements.

Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market.

While Wall Street firms typically underwrite offerings in teams, the lead underwriter, or manager, of the offering has primary responsibility for selling the offering and reaps much of the fees and profit.

In general, great companies prefer to grow organically, as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.