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Financial bites

"We're not very many days after our year-end. For those people who think we could do it quicker, I suggest they come and do some work in industry for a while and learn what it's like in the real world."

Marconi FD-turned-deputy-chief-exec John Mayo replies to criticism that the company’s trading statement could have been issued sooner, in The Independent.

“I am polite, so it does matter. You might say I hear, but I don’t listen.”

European Central Bank head Wim Duisenberg on the recent decision to refuse to cut interest rates, in The Times.

Are technology stocks now cheap enough to start investing in them?

“Well, I haven’t bought any.” When will you start buying stocks again?

“When they are valued at less than they are worth.”

Sage of Omaha Warren Buffett imparts his pearls of wisdom at a recent UK press conference.

“The proprietor of Mirror Group plc is very sensitive to risk of loss through fraud. Once again we ask that audit staff be aware of the possibility of fraud and that any suspicious transactions are investigated by an appropriate level of staff.”

1988 memo from a Coopers & Lybrand Deloitte partner to audit staff warning of Maxwell’s displeasure at an employee’s misappropriation of funds. [HH] Financial directions – Don’t bet on the sun coming out soon.

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