--- title: "11 Than Quotes By Alex Berenson" description: "11 Than quotes by Alex Berenson. Plus more from Alex Berenson and more Than sayings from other authors." image: "https://sms4smile.com/quotes/i/b12/alex-berenson-2775_american_the-american-pledge-not-to-negotiate-wit_2083983.png" --- > [The American pledge not to negotiate with terrorists has been honored more in the breach than the observance from the moment President…](https://sms4smile.com/quotes/alex-berenson/the-american-pledge-not-to-negotiate-with-terrorists-has-been-honored/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/b12/alex-berenson-2775_american_the-american-pledge-not-to-negotiate-wit_2083983.png) > [Bigger spreads mean bigger gaps between what buyers pay and sellers receive. For example, a spread of 10 cents a share means…](https://sms4smile.com/quotes/alex-berenson/bigger-spreads-mean-bigger-gaps-between-what-buyers-pay-and-sellers/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/d0c/alex-berenson-2775_between_bigger-spreads-mean-bigger-gaps-between_849160.png) > [For more than two decades, Barry Diller has been among the most respected - and feared - figures in the entertainment industry.](https://sms4smile.com/quotes/alex-berenson/for-more-than-two-decades-barry-diller-has-been-among-the-most/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/715/alex-berenson-2775_among_for-more-than-two-decades-barry-diller-h_3131384.png) > [Trust the Canadians to produce a game about mutual funds that is actually more boring than the real thing.](https://sms4smile.com/quotes/alex-berenson/trust-the-canadians-to-produce-a-game-about-mutual-funds-that-is/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/5c0/alex-berenson-2775_about_trust-the-canadians-to-produce-a-game-ab_117956.png) > [Most of America never noticed, but the 1990s were good times for trailer homes, a.k.a. manufactured housing. From 1991 to 1998, annual…](https://sms4smile.com/quotes/alex-berenson/most-of-america-never-noticed-but-the-1990s-were-good-times-for/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/200/alex-berenson-2775_america_most-of-america-never-noticed-but-the-19_3162832.png) > [Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue…](https://sms4smile.com/quotes/alex-berenson/higher-productivity-enables-companies-to-increase-sales-without/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/025/alex-berenson-2775_adding_higher-productivity-enables-companies-to_2690822.png) > [Macroeconomics is the analysis of the economy as a whole, an examination of overall supply and demand. At the broadest level, macroeconomists…](https://sms4smile.com/quotes/alex-berenson/macroeconomics-is-the-analysis-of-the-economy-as-a-whole-an/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/9d8/alex-berenson-2775_analysis_macroeconomics-is-the-analysis-of-the-ec_2744682.png) > [Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because…](https://sms4smile.com/quotes/alex-berenson/rising-interest-rates-are-considered-bad-for-stocks-because-they/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/90a/alex-berenson-2775_attractive_rising-interest-rates-are-considered-bad_1888674.jpg) > [Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so…](https://sms4smile.com/quotes/alex-berenson/of-course-the-discounting-of-future-earnings-should-hurt-all-stocks/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/7d1/alex-berenson-2775_because_of-course-the-discounting-of-future-earn_1851429.png) > [John W. Snow was paid more than $50 million in salary, bonus and stock in his nearly 12 years as chairman of…](https://sms4smile.com/quotes/alex-berenson/john-w-snow-was-paid-more-than-50-million-in-salary-bonus-and-stock/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/263/alex-berenson-2775_average_john-w-snow-was-paid-more-than-50-millio_2253377.jpg) > [From 1983 to 2000, William Goren stole more than $30 million from investors on Long Island and in Queens. His favorite targets…](https://sms4smile.com/quotes/alex-berenson/from-1983-to-2000-william-goren-stole-more-than-30-million-from/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) [Image](https://sms4smile.com/quotes/i/256/alex-berenson-2775_couples_from-1983-to-2000-william-goren-stole-mo_1481994.png) ## Other authors on Than ## More by Alex Berenson > [One of the Internet's highest-profile companies, Priceline once dreamed of transforming the way consumer goods are bought and sold by offering customers the chance…](https://sms4smile.com/quotes/alex-berenson/one-of-the-internet-s-highest-profile-companies-priceline-once/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Plumbing is usually boring.](https://sms4smile.com/quotes/alex-berenson/plumbing-is-usually-boring/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.](https://sms4smile.com/quotes/alex-berenson/as-they-grow-companies-saturate-their-markets-become-more-complex-and/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [“If stupid people didn’t insist on thinking they were smart, the world would be a lot simpler.”](https://sms4smile.com/quotes/alex-berenson/if-stupid-people-didn-t-insist-on-thinking-they-were-smart-the-world/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [For chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors…](https://sms4smile.com/quotes/alex-berenson/for-chat-room-tyros-who-expect-to-make-their-first-million-day/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [“Rosette disappeared onto the dance floor. Wells sat in silence for a minute, watching the dancers. The worldwide cult of fast money spent stupidly.…](https://sms4smile.com/quotes/alex-berenson/rosette-disappeared-onto-the-dance-floor-wells-sat-in-silence-for-a/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [In general, great companies prefer to grow 'organically,' as Wall Street likes to say. That is, from the inside out, by finding new markets…](https://sms4smile.com/quotes/alex-berenson/in-general-great-companies-prefer-to-grow-organically-as-wall-street/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Trust the Canadians to produce a game about mutual funds that is actually more boring than the real thing.](https://sms4smile.com/quotes/alex-berenson/trust-the-canadians-to-produce-a-game-about-mutual-funds-that-is/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [The market always, in theory at least, looks ahead. And it's always trying to take in every bit of information that it can as…](https://sms4smile.com/quotes/alex-berenson/the-market-always-in-theory-at-least-looks-ahead-and-it-s-always/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Individual income can grow only as fast as productivity rises.](https://sms4smile.com/quotes/alex-berenson/individual-income-can-grow-only-as-fast-as-productivity-rises/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Mr. Snowden did not start out as a spy, and calling him one bends the term past recognition. Spies don't give their secrets to…](https://sms4smile.com/quotes/alex-berenson/mr-snowden-did-not-start-out-as-a-spy-and-calling-him-one-bends-the/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [As the Nasdaq soared in 1999 and early 2000, demand for many offerings far exceeded the supply of shares available at the initial offering price.](https://sms4smile.com/quotes/alex-berenson/as-the-nasdaq-soared-in-1999-and-early-2000-demand-for-many-offerings/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Wal-Mart does not do big mergers, though it will buy much smaller competitors in so-called 'tuck-in acquisitions.'](https://sms4smile.com/quotes/alex-berenson/wal-mart-does-not-do-big-mergers-though-it-will-buy-much-smaller/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Many newly public companies are able to post a year or two of strong sales growth off a small base, but their growth almost…](https://sms4smile.com/quotes/alex-berenson/many-newly-public-companies-are-able-to-post-a-year-or-two-of-strong/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.](https://sms4smile.com/quotes/alex-berenson/business-cycles-lengthened-greatly-during-the-20th-century-as-central/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/than/alex-berenson/#itemlist", "name": "11 Than Quotes By Alex Berenson", "numberOfItems": 11, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The American pledge not to negotiate with terrorists has been honored more in the breach than the observance from the moment President Ronald Reagan made it.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/the-american-pledge-not-to-negotiate-with-terrorists-has-been-honored/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b12/alex-berenson-2775_american_the-american-pledge-not-to-negotiate-wit_2083983.png", "contentUrl": "https://sms4smile.com/quotes/i/b12/alex-berenson-2775_american_the-american-pledge-not-to-negotiate-wit_2083983.png", "url": "https://sms4smile.com/quotes/i/b12/alex-berenson-2775_american_the-american-pledge-not-to-negotiate-wit_2083983.png", "width": 1080, "height": 1080, "caption": "“The American pledge not to negotiate with terrorists has been honored more in the breach than the observance…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Bigger spreads mean bigger gaps between what buyers pay and sellers receive. 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From 1991 to 1998, annual sales of manufactured homes more than doubled, to 374,000 from 174,000.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/most-of-america-never-noticed-but-the-1990s-were-good-times-for/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/200/alex-berenson-2775_america_most-of-america-never-noticed-but-the-19_3162832.png", "contentUrl": "https://sms4smile.com/quotes/i/200/alex-berenson-2775_america_most-of-america-never-noticed-but-the-19_3162832.png", "url": "https://sms4smile.com/quotes/i/200/alex-berenson-2775_america_most-of-america-never-noticed-but-the-19_3162832.png", "width": 1080, "height": 1080, "caption": "“Most of America never noticed, but the 1990s were good times for trailer homes, a.k.a. manufactured housing…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue to climb as long as worker productivity is growing faster than overall wages.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/higher-productivity-enables-companies-to-increase-sales-without/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/025/alex-berenson-2775_adding_higher-productivity-enables-companies-to_2690822.png", "contentUrl": "https://sms4smile.com/quotes/i/025/alex-berenson-2775_adding_higher-productivity-enables-companies-to_2690822.png", "url": "https://sms4smile.com/quotes/i/025/alex-berenson-2775_adding_higher-productivity-enables-companies-to_2690822.png", "width": 1080, "height": 1080, "caption": "“Higher productivity enables companies to increase sales without adding workers. 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At the broadest level, macroeconomists want to understand why some countries grow faster than others and which government policies can help growth.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/macroeconomics-is-the-analysis-of-the-economy-as-a-whole-an/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9d8/alex-berenson-2775_analysis_macroeconomics-is-the-analysis-of-the-ec_2744682.png", "contentUrl": "https://sms4smile.com/quotes/i/9d8/alex-berenson-2775_analysis_macroeconomics-is-the-analysis-of-the-ec_2744682.png", "url": "https://sms4smile.com/quotes/i/9d8/alex-berenson-2775_analysis_macroeconomics-is-the-analysis-of-the-ec_2744682.png", "width": 1080, "height": 1080, "caption": "“Macroeconomics is the analysis of the economy as a whole, an examination of overall supply and demand. At…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/rising-interest-rates-are-considered-bad-for-stocks-because-they/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/90a/alex-berenson-2775_attractive_rising-interest-rates-are-considered-bad_1888674.jpg", "contentUrl": "https://sms4smile.com/quotes/i/90a/alex-berenson-2775_attractive_rising-interest-rates-are-considered-bad_1888674.jpg", "url": "https://sms4smile.com/quotes/i/90a/alex-berenson-2775_attractive_rising-interest-rates-are-considered-bad_1888674.jpg", "width": 1080, "height": 1080, "caption": "“Rising interest rates are considered bad for stocks because they raise the cost of doing business and…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/of-course-the-discounting-of-future-earnings-should-hurt-all-stocks/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7d1/alex-berenson-2775_because_of-course-the-discounting-of-future-earn_1851429.png", "contentUrl": "https://sms4smile.com/quotes/i/7d1/alex-berenson-2775_because_of-course-the-discounting-of-future-earn_1851429.png", "url": "https://sms4smile.com/quotes/i/7d1/alex-berenson-2775_because_of-course-the-discounting-of-future-earn_1851429.png", "width": 1080, "height": 1080, "caption": "“Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "John W. Snow was paid more than $50 million in salary, bonus and stock in his nearly 12 years as chairman of the CSX Corporation, the railroad company. During that period, the company's profits fell, and its stock rose a bit more than half as much as that of the average big company.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/john-w-snow-was-paid-more-than-50-million-in-salary-bonus-and-stock/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/263/alex-berenson-2775_average_john-w-snow-was-paid-more-than-50-millio_2253377.jpg", "contentUrl": "https://sms4smile.com/quotes/i/263/alex-berenson-2775_average_john-w-snow-was-paid-more-than-50-millio_2253377.jpg", "url": "https://sms4smile.com/quotes/i/263/alex-berenson-2775_average_john-w-snow-was-paid-more-than-50-millio_2253377.jpg", "width": 1080, "height": 1080, "caption": "“John W. Snow was paid more than $50 million in salary, bonus and stock in his nearly 12 years as chairman of…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "From 1983 to 2000, William Goren stole more than $30 million from investors on Long Island and in Queens. His favorite targets were widows and retired couples, like Helga and Simon Novack, Holocaust survivors who gave Mr. Goren their life savings.", "creator": { "@type": "Person", "name": "Alex Berenson" }, "url": "https://sms4smile.com/quotes/alex-berenson/from-1983-to-2000-william-goren-stole-more-than-30-million-from/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/256/alex-berenson-2775_couples_from-1983-to-2000-william-goren-stole-mo_1481994.png", "contentUrl": "https://sms4smile.com/quotes/i/256/alex-berenson-2775_couples_from-1983-to-2000-william-goren-stole-mo_1481994.png", "url": "https://sms4smile.com/quotes/i/256/alex-berenson-2775_couples_from-1983-to-2000-william-goren-stole-mo_1481994.png", "width": 1080, "height": 1080, "caption": "“From 1983 to 2000, William Goren stole more than $30 million from investors on Long Island and in Queens…” — Alex Berenson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/than/alex-berenson/#webpage", "url": "https://sms4smile.com/quotes/about/than/alex-berenson/", "name": "Than Quotes by Alex Berenson", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/than/alex-berenson/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/b12/alex-berenson-2775_american_the-american-pledge-not-to-negotiate-wit_2083983.png" }, "description": "11 Than quotes by Alex Berenson. 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