James Schmidt Quotations

If it had jumped the road, it might have burned up to the bridge or even farther,

I think some of the consensus numbers are a little stale some of the estimates that go into that don't reflect the recent thinking many analysts have about Morgan Stanley.

I think this is actually a pretty comfortable time to invest in banks, ... but a lot of people are flocking to financial funds right now.

Merrill Lynch is way below its highs of last spring, ... This (Internet) announcement doesn't really reflect any change in their other business endeavors.

We want to be a good neighbor, ... There's got to be a sensible balance.

At this point it probably makes sense not to tighten your standards since the quality of loans probably will get better. You should be tightening based on what you expect to happen next year, not what happened last year.

The stock is really looking ahead to better times down the road. We're expecting of course a Fed rate cut and a resurgence in investment banking activity into next year.

As an investor, you can take some reassurance in the fact that after an initial period of loss of business, there will be a lot of cash and insurance proceeds flowing into the area,

Banks are probably going to bypass some good loans this year.

Insurance stocks are way up -- Protective Life ( PL : Research , Estimates ) not so much. It's had kind of a mediocre year in a stock performance. And I think that is one of the better values left. Among other things they are strong in prepaid dental insurance.

But it's almost always cheaper and more convenient to park across the street than park across the tracks,

The earnings were about a penny or two more than expectation, but because the source was investment banking, it probably doesn't excite the market that much.