Alex Berenson Buy Quotations

Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements.

On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient.

Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed.

Companies buy customers when they cannot win new business on their own. They merge when their executives do not have a better idea of what to do.

Corporate executives often buy or sell shares in their companies, and stocks rarely rise or fall significantly when those transactions are reported.

Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced.

Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.

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.

The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves.