Explore popular quotes and sayings by an American author Alex Berenson.
Last updated on December 23, 2024.
Alexander Norman Berenson is an American writer and former journalist. He was a reporter for The New York Times and has authored several thriller novels and a book on corporate financial filings. His 2019 book Tell Your Children: The Truth About Marijuana, Mental Illness and Violence sparked controversy, earning denunciations from many in the scientific and medical communities.
Also, most people read fiction as an escape - and I wonder whether my books aren't a bit too grounded in reality to reach the widest possible audience.
Robert M. Morgenthau, the Manhattan district attorney, has seen a few financial schemes in his time. As the lead local prosecutor in the world's financial capital, he has battled frauds like the Bank of Credit and Commerce International, which stole billions of dollars from investors worldwide.
Big swings in the wholesale price of electricity are not unusual in the summer, when high demand taxes generators' ability to supply power.
Over the years, I've spent time in Saudi Arabia, the Bekaa Valley, Afghanistan, Jordan, and Kenya, among other vacation hotspots.
Don't expect Barton Biggs to be offering his market insights on 'Bloomberg News' anytime soon. His plumber, maybe.
If only the human body could handle trauma as well as biotechnology stocks do.
For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy.
It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.
Climate change might be disastrous, but does that mean we want carbon taxes that raise the price of a gallon of heating oil to $10? And how exactly will those taxes affect economic growth?
The most distinguishing element of my novels is that I try as hard as I can - within the context of a popular commercial thriller - to make them feel authentic. Drawing on real locations and real events is part of that authenticity.
I think in some ways what Snowden is, is he's a mix of a cold war spy novel and post-9/11 spy novel.
Downhill track sports like luge are technology battles, as exciting as a NASCAR qualifying day.
Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.
America Online, of course, is a master of the hard sell, from stuffing mailboxes with free trial offers to forcing subscribers to click through ads before they can get their e-mail.
In general, great companies prefer to grow 'organically,' as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.
As a reporter, I embedded for modest stints with American soldiers in Afghanistan and Iraq. When I'm asked about those experiences, I always say - and mean - that we civilians don't deserve the soldiers we have.
I think when you have lawyers arguing over whether you can keep a detainee at 46 degrees... for two hours, that's not torture. It may be unpleasant, it may be coercive... but let's say what torture actually is, and that's not it.
For years, critics of Fannie Mae have warned that it does not give them enough information to judge its risks.
Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.
Because Genentech is a leading developer of cancer therapies, some doctors also fear that the company's pricing plans for Avastin - around $8,800 a month - may encourage other companies to charge more for their own oncology drugs.
Technology investment drove growth in the 1990s, both directly and by fueling a rising stock market that led to increased consumer spending.
From 1983 to 2000, William Goren stole more than $30 million from investors on Long Island and in Queens. His favorite targets were widows and retired couples, like Helga and Simon Novack, Holocaust survivors who gave Mr. Goren their life savings.
To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.
Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.
Bigger spreads mean bigger gaps between what buyers pay and sellers receive. For example, a spread of 10 cents a share means that the buyer pays $100 more for 1,000 shares than the seller receives.
In Ghazalia, Mr. Hussein showed his contempt for the majority Shiites in ways large and small. He refused to allow them even one mosque, while the Sunnis had nearly a dozen. To worship, the Shiites had to cross an inconveniently located bridge over the sewage canal to Shula.
Studies show that Avastin can prolong the lives of patients with late-stage breast and lung cancer by several months when the drug is combined with existing therapies.
Big companies often use their leverage to take stakes in would-be suppliers, especially in the technology business.
On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient.
Plumbing is usually boring.
Sergeant Bergdahl may have broken any number of military laws.
Wal-Mart does not do big mergers, though it will buy much smaller competitors in so-called 'tuck-in acquisitions.'
Soldiers willingly, sometimes foolishly, risk their own lives to keep their comrades out of enemy hands.
The fact that we haven't faced another major terrorist attack on American soil since Sept. 11 is a very significant achievement, and one that's easy to forget - it's the dog that doesn't bark.
The American pledge not to negotiate with terrorists has been honored more in the breach than the observance from the moment President Ronald Reagan made it.
Mr. Snowden did not start out as a spy, and calling him one bends the term past recognition. Spies don't give their secrets to journalists for free.
The credit quality of junk bonds varies widely.
Information technology departments must spend enormous amounts of time and money worrying about integrating big computer systems with billions of pieces of customer data.
For a spy novelist like me, the Edward J. Snowden story has everything. A man driven by ego and idealism - can anyone ever distinguish the two? - leaves his job and his beautiful girlfriend behind. He must tell the world the Panopticon has arrived. His masters vow to punish him, and he heads for Moscow in a desperate search for refuge.
Many legal experts note that prosecutors regularly seek indictments of people or companies for destroying evidence or impeding investigations, even if they cannot prove other charges.
John W. Snow was paid more than $50 million in salary, bonus and stock in his nearly 12 years as chairman of the CSX Corporation, the railroad company. During that period, the company's profits fell, and its stock rose a bit more than half as much as that of the average big company.
Some big banks remain wary of venture capital.
For as long as anyone can remember, reliable, cheap electricity has been taken for granted in the United States.
For investors who do want to speculate in high-yield bonds, one alternative may be a junk bond mutual fund, which can offer investors the relative safety of diversification.
Every public company depends to some extent on the trust of its investors.
Evidence of defendants' lavish lifestyles is often used to provide a motive for fraud. Jurors sometimes wonder why an executive making tens of millions of dollars would cheat to make even more. Evidence of habitual gluttony helps provide the answer.
The market always, in theory at least, looks ahead. And it's always trying to take in every bit of information that it can as quickly as it can. You don't really care so much if the company made a dollar last year; you want to know what it's going to make this year.
Never underestimate the power of Abby Joseph Cohen.
Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed.
Federal laws against kickbacks bar pharmaceutical companies from directly giving money to patients for co-payments on the drugs they make.
Even a war zone looks peaceful in most places, most of the time.
For value investors, General Motors is a tempting target. The company's share of the North American auto market has steadily declined for two decades, and analysts say the company suffers from weak management and unexciting cars.
The difference between microeconomics and macroeconomics is a bit like the difference between biology and medicine. Knowing that certain genes increase the risk of cancer is relatively easy. Figuring out exactly which people will get sick, or how to cure them, is a lot more complicated.
Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.
The Wahhabists are the boogeymen, the guys who will chop the head off any American they catch. And they will destroy Iraq without a second thought if they believe that the instability will benefit them.
Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.
Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors.
Companies buy customers when they cannot win new business on their own. They merge when their executives do not have a better idea of what to do.
Trust-me companies are companies whose financial results gallop ahead of their businesses, companies with seemingly perfect control over their quarterly sales and profits. Companies whose financial statements are loaded with footnotes: companies that short-sellers often attack but rarely dent.
It has been said that the Fed's job is to take the punch bowl away just as the party gets going, raising interest rates when the economy is growing too fast and inflation threatens.