Quotable Quotes

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“The path of least resistance is why rivers run crooked ”- Elbert Hubbard

“Justice too long delayed is justice denied ”- Martin Luther King Jr.

“ When money speaks, the truth remains silent ” - Russian proverb

thanks to

canadianfundwatch.com The Fund OBSERVER December 1 , 2010

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"[I]n America, it's far more shameful to owe money than it is to steal it," Taibbi, who famously called Goldman Sachs a "great vampire squid wrapped around the face of humanity,"

http://www.huffingtonpost.com/2010/11/1 ... 82343.html

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goldman_whocares.gi.03.jpg (35.5 KiB) Viewed 18031 times

Top 10 Ideas for Goldman Sachs New Ad Campaign

10. Under Buffett’s protection since 2008

9. Putting the zero in zero-sum game.

8. Government Bailout: $29 billion
SEC Settlement: $550 million
Doing God’s work? Priceless.

7. Helping you forget about Bernie Madoff one CDO at a time

6. Goldman Sachs: America’s Counterparty

5. Let us do for you what we did for Greece.

4. Like we give a fuck what you think about us . . .

3. Goldman Sachs: There are some things money can’t buy. For everything else, there’s JPMorgan.

2. The Rothschilds were Pussies

And the number 1 advertising slogan for the new Goldman Sachs ad campaign:

1. We put the "douche" in fiduciary

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King Henry the V

In 1125 AD Henry V issued this
edict:

''In this year before Christmas, King Henry sent from
Normandy to England and gave instructions that all moneyers
be deprived of their members. Bishop Roger of Salisbury
commanded them all to assemble at Winchester by Christmas
When they came they were taken one by one, and each
deprived of the right hand and testicles below. All this was
done in 12 days between Christmas and Epiphany, and was
entirely justified because they had ruined the whole country
by the magnitude of their fraud, which they paid for in
full.''

(Quoted from the Laud Chronicle, one of the last of the
Anglo-Saxon Chronicles and translated from Middle English.)

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from the folks at www.canadianfundwatch.com
good folks doing good things for people

"Brokers service clients the same way Bonnie and Clyde serviced banks”
-- William Bernstein

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CEO --Chief Embezzlement Officer.

CFO-- Corporate Fraud Officer.

BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.

BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING -- The art of buying low and selling lower.

P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.

BROKER -- What my broker has made me.

STANDARD & POOR -- Your life in a nutshell.

STOCK ANALYST -- Idiot who just downgraded your stock.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

MARKET CORRECTION -- The day after you buy stocks.

CASH FLOW-- The movement your money makes as it disappears down the toilet.

YAHOO -- What you yell after selling it to some poor sucker for $240 per share.

WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.

INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.

PROFIT -- An archaic word no longer in use.

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“Self-regulation doesn’t protect the public from Wall Street,” he writes. “It protects Wall Street from you.”


I could not agree more............Larry Elford, former CFP, CIM, FCSI, Associate Portfolio Manager, now retired from an industry I cannot any longer associate my name with.


CONTROVERSIAL NEW BOOK



BY S USA N A N T I L L A
Bloomberg News



Thursday, April 27, 2006

Gary Weiss makes a serious mistake in his new book that pillories the brokerage industry: He should have started at page 75.


That’s where Mr. Weiss, a former Business Week reporter and object of anonymous e-mail threats since the book’s publication, bluntly lays out a central theme of Wall Street Versus America: The Rampant Greed and Dishonesty That Imperil Your Investments.

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"This is not a case of hear-no-evil, see-no-evil. This is a case of there was no evil." -- Daniel Petrocelli, attorney for former Enron CEO Jeffrey Skilling.

Enron was "one of the finest free-market institutions the world has ever seen." -- Michael Ramsey, attorney for former Enron chairman and CEO Kenneth Lay.

This is a simple case. It is not about accounting. It is about lies and choices. -- Enron prosecutor John Hueston.