A Quote by Howard Lutnick
Anything commodity-like will be sold online. The world is going to trade commodities like it trades stocks.
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People have been like 'well you need millions of dollars to buy and sell stocks.' That sort of idea was thrown out of the window with online brokerages like E-trade and Fidelity, and today, we think that you don't even need thousands of dollars to trade stocks.
Just being able to trade financial commodities is a serious limitation because financial commodities represent only a tiny fraction of the reality of the real commodity exposure picture. We need to be active in the underlying physical commodity markets in order to understand and make prices.
I used to trade stocks online, and I kind of felt gross, like, all I'm doing is making money off other people's creativity, and I'm not creating anything myself.
We generate a ludicrous amount of trades in $1 to $5 stocks. Because we're free, we're the only place where you can day trade stuff like that.
I did feel like they were telling me that something like that was going to happen. Not specifically - not that planes were going to be flown into the World Trade Center or anything like that - but in the general sense.
MF Global used to be known as Man Financial, and it had a reasonably good reputation. It did a humdrum business placing commodities trades for fund managers as well as farmers, grain dealers and others whose livelihoods depend on the vagaries of commodity prices.
I was a hostess, I sold shoes, but I don't function well in jobs that don't have to do with what I love. I have cleaned bathrooms in theaters, I have sold wine in theaters, I have sold tickets, because I will do anything, anything, to stay in this world.
In [India] and across the globe, hundreds and thousands of children, as young as three, as young as four, are sold into sexual slavery. But that's not the only purpose that human beings are sold for. They are sold in the name of adoption. They are sold in the name of organ trade. They are sold in the name of forced labor, camel jockeying, anything, everything.
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.
I've also worked with various producers and artists around the world, which has helped with my international recognition. We've sold a lot of albums online in places like Norway and France. Sometimes we track my hits online daily and we are getting regular hits from people all over the place.
To some extent, stocks are like Rembrandts. They sell based on what they've sold in the past. Bonds are much more rational. No-one thinks a bond's value will soar to the moon.
You have to assume once you go online, anything you put there can be made public. Yet while you're online, you feel like it's a private, sacred space. But you're really broadcasting to the world.
'Tis sweet to know that stocks will stand When we with Daisies lie- That Commerce will continue- And Trades as briskly fly.
It was an extraordinary experience to have backup singers like the Mormon Tabernacle Choir. I have never experienced anything quite like it before and I wouldn't trade it for anything in the world.
Just like the Internet disrupted the publishing industry, we're going to see Bitcoin micropayments creating some very interesting opportunities for pay-as-you-go, pay-based-on-time online businesses and, frankly, some risks as well to the traditional business model as to how things get sold online.
When war becomes a trade, it benefits, like all other trades, from the division of labour.
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