Alex Berenson Investment Quotations

The biggest profit center for investment banks is the hefty fees they charge for underwriting stock offerings and giving financial advice, and analysts put those profits at risk if they publish negative conclusions about the companies that pay the fees.

Many newly public companies are able to post a year or two of strong sales growth off a small base, but their growth almost always slows over time, thanks to what investment professionals call 'the law of large numbers.'

Technology investment drove growth in the 1990s, both directly and by fueling a rising stock market that led to increased consumer spending.