Israel Englander Quotes
103 Israel Englander Quotes (Izzy Englander, Millennium Management)
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[In June 2010.] Don’t invest and forget.
Israel Englander
[In December 2009.] The business is based on… very little to do with fundamentals…
Israel Englander
[In December 2009.] Every investor has a different need. And the idea is to try to adjust yourself to those needs…
Israel Englander
[In October 1992.] The combined capital of all exchange specialists could not stop a crash.
Israel Englander
[In October 1992.] There is no degree of structural reform - short of abolishing the market altogether - that could prevent a sudden break if perceptions about the value of U.S. equities were to change sharply.
Israel Englander
[In October 1992.] No level of required capital can change the fact that specialists cannot… stop a market break.
Israel Englander
[In October 1992.] Specialists cannot, and are not expected to, intercept an avalanche of sell orders so as to stop a market break.
Israel Englander
[In December 2009 on the secret to longevity in the hedge fund business.] I think the primary piece is the ability to deliver what you say you’re going to deliver.
Israel Englander
[In December 2009.] You get beat up along the way, but you figure out ways to continue…
Israel Englander
[In December 2009.] These days everything is possible… It’s just a question of how much resources you want to put to it.
Israel Englander
[In December 2009.] I think it’s all possible. It’s just a question of really how much sense does it make.
Israel Englander
[In December 2009.] Trying to make a good profit – a good risk adjusted profit.
Israel Englander
[In June 2012 at the age of 63 on retirement.] I have no place to go. My wife didn’t marry me to have lunch.
Israel Englander
[In June 2010.] We will find a way to make money.
Israel Englander
[In June 2010.] Investors need to ask fund managers ‘What do you do with the fee?’
Israel Englander
[In June 2010.] If it is trading intense – it dictates a higher fee.
Israel Englander
[On how he describes himself.] A yeshiva kid from Brooklyn.
Israel Englander
I’m looking for instant gratification.
Israel Englander
[On taking traders off the street and giving them a pile of money.] Here's a chair and computer - go trade.
Israel Englander
If you think you are so unlucky that after you sell, the market goes back up, then find another business. Go pray.
Israel Englander
That guy cost me $2 million before I shut him down.
Israel Englander
[On one of his traders becoming entangled in a bad position] Got his tits twisted.
Israel Englander
[On one of his traders trading larger and larger positions following an extended period of success until being visited by.] The God of Size.
Israel Englander
[In October 1992.] The Big Board today has only two-thirds of the trading volume in its listed stocks. The balance gets traded in the third market, regional exchanges, proprietary systems and overseas.
Israel Englander
[In October 1992.] It is market fragmentation, not specialist standards, that is the great threat to liquidity in uncertain times.
Israel Englander
[In December 2009.] The hedge mentality rather than doing things that were… taking outright risk.
Israel Englander
[In December 2009.] Always trying to find an edge…
Israel Englander
[In December 2009.] I decided to leave my job and get a seat at the New York Stock Exchange…
Israel Englander
[In December 2009.] I like to tell people ‘In the land of the blind the one eyed person is king.’
Israel Englander
[In December 2009.] It just produced a lot of business.
Israel Englander
[In December 2009.] I made markets in stocks…
Israel Englander
[In December 2009.] I made markets in options…
Israel Englander
[In December 2009.] We started with a very small amount of money… of which a big chunk of it was my own.
Israel Englander
[In December 2009.] There was a lot of hay that you could make.
Israel Englander
[In December 2009.] Obviously the technology wasn’t as advanced as it was today.
Israel Englander
[In December 2009.] Twenty years later, the model effectively is still the same…
Israel Englander
[In December 2009.] Deliver what you say you’re going to deliver.
Israel Englander
[In December 2009.] It really evolved over time.
Israel Englander
[In December 2009.] We… continually try again to improve the process.
Israel Englander
[In December 2009.] Effectively meet their expectations.
Israel Englander
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