Guy Moszkowski Quotes
They are getting one of the prime companies in both [Nasdaq market marking and securities clearing] for a multiple that we estimate at not more than 14 times earnings, so we think this is a very good deal for them. 
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Prime | Companies | Nasdaq | Market | Marking |
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I am not a big proponent of the diversified model. It is extremely hard to manage, and I just think there is a lot of value to be had from focusing on a few things really well. The turnaround process at Morgan Stanley will take some time.
- Guy Moszkowski
To think they're immune would be very imprudent, and I'm sure they'd be the first to agree with me on that. But from everything I can infer, the second quarter is starting out just as strong as the first, and they manage their risk very well. Earnings growth could contract quite a bit if things get bad, but they're well protected from severe loss in most any market environment.
- Guy Moszkowski