Arthur Levitt Quotes
These issues are not academic or peripheral -- they directly affect every mutual fund investor. ... One word above all must define a fund's overall management structure. That word is accountability. And, without strong independent directors, accountability is nothing more than words on a page. 
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Issues | Academic | Peripheral | Affect | Mutual |
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It has been almost 30 years since significant steps were taken to improve the mutual fund governance structure... Whether shareholders realize it or not, how directors fulfill their responsibilities directly affects them every day.
- Arthur Levitt
In the celebration of today's prosperity, I'm concerned that some of the basic but important fundamentals of investing are being lost on investors, or, even worse, being ignored... Unless investors truly understand both the opportunities and the risks of today's market, too many may fall victim to their own wishful thinking.
- Arthur Levitt