Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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9/2/04
Larry Williams: Not that Wall Street is perfect but...

If you have a company and want to raise money without going to the bankers, want to sell what you have worked hard for all your life for more than 3x earnings... Wall Street helps you.
If you want to buy things at a lower price at Costco, thank Wall Street for funding them.

If you like to watch the telly, or movies, thank Wall Street for raising the bucks this takes.
If you are retired and want a fixed income 10x better than your banker will pay... go to Wall Street.
Not perfect, but it does fill a need or it would not be there.