Alex Berenson Street Quotations

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.

It is a truth universally acknowledged on Wall Street that original research is on life support. Serious research can be bad for business, as well as expensive.

While Wall Street firms typically underwrite offerings in teams, the lead underwriter, or manager, of the offering has primary responsibility for selling the offering and reaps much of the fees and profit.