David Becker Quotations

He connected all the dots, and it worked out.

It's probably not an overstatement to say it's unprecedented for that kind of overruling of the career staff to occur.

You worry about small investors getting involved through the back door in investments that aren't suitable for them because they're too risky or the fees are too high. NASD requires brokers to have a reasonable basis for recommending an investment, as a counterforce to the overwhelming economic incentives for salesmen to sell.

I think the passenger restrictions are a really good idea because I think most teens take more risk when there's other people in the car.

I think it's a major step forward, I don't think it signals any retreat from vigorous enforcement.

The mere fact that someone says, 'we're optimistic' and then a month later the stock price goes down doesn't mean that people have tried to mislead anybody else, ... If you purport to tell people what you know about the future but you mislead them by leaving important things out, that can well be the sin of omission. But you have to look at what, precisely, people say and what, precisely, is left out.

If what everyone fears has happened people stole money I don't think it is going to result in broad, intrusive regulation of hedge funds.