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“All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.”

“The investor has the benefit of the stock market's daily and changing appraisal of his holdings, 'for whatever that appraisal may be worth', and, second, that the investor is able to increase or decrease his investment at the market's daily figure - 'if he chooses'. Thus the existence of a quoted market gives the investor certain options which he does not have if his security is unquoted. But it does not impose the current quotation on an investor who prefers to take his idea of value from some other source.”

“I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.”

“The United States has more people living in poverty than at almost any time in the modern history of our country. I believe that in a democratic, civilized society none of our people should be hungry or living in desperation. We need to expand Social Security, not cut it. We need to increase funding for nutrition programs, not cut them.”

“The government's assertion that it must be unhindered in protecting our security can camouflage the desire to increase Executive power, while the press's cry of the public's right to know can mask a quest for competitive advantage or a hidden animus. Neither the need to protect our security nor the public's right to know is a blank check.”

“I think the world is more perilous and America is basically undefended. For me the two touchstones after 9/11 for domestic security were our borders. Not for discriminatory reasons or to stop immigration, but simply to allow law enforcement to find out who is in our country without facing an undocumented pool of aliens that increases by the hour.”

“There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the economy. This is especially true of mortgage backed securities and corporate bonds, and quite possibly of equities as well. For those people and institutions holding those things, the run up in prices has been a wealth bonanza.”