Pension Quotes & Sayings

Have you thought about retiring early?" "I've thought about it. I would lose a fair amount of my pension if I did. Besides, what would I do with myself?" "You could work for me." "Work ... as a ranch hand?" She laughed, genuinely amused by the image of herself in a cowboy hat cutting cattle that popped into her head. "I can't even walk in the snow without help." He glared at her. "You're a fantastic rider." She narrowed her eyes at him. "Are you truly offering me a job?" He stopped shoveling, rested on the hay fork, gave her a lopsided grin. "I would if it would keep you around." Something about that felt more romantic to her than a dozen red roses. "Jack West, you are a charming man." "Me?" He shook his head, got back to shoveling. "I think you need to look that word up in the dictionary, angel. — Pamela Clare

No cuts to health , no cuts to education, no cuts to pensions — Tony Abbott

Under pressure from a growing movement of people who want their money out of fossil fuels, universities, pension investors and foundations are looking to exclude coal, oil and gas stocks from their portfolios. — Frances Beinecke

To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back. — Peter Welch

If one man tells you to murder, you get a jail cell - if another man tells you to murder, you get medals and a pension. — Stefan Molyneux

The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing. — Charlie Munger

Trust is about keeping commitments, but in many instances, circumstances change and organizations therefore shed commitments, things such as retiree medical benefits, pension obligations, and even employees without much remorse or maybe even hesitation. — Jeffrey Pfeffer

Careful economic research has shown public-sector workers receive a level of compensation, pension benefits, and retiree health coverage in excess of what comparable workers in the private sector enjoy. In some instances, the total premium can be 30 percent or higher. — Bob Beauprez

The NFL pension is the worst in the world of business. It's an embarrassment. — Jim Brown

You don't have to sleep with prostitutes or take drugs in order to have a relationship with organized crime. They affect our bank accounts. They affect our communications, our pension funds. They even affect the food that we eat and our governments. — Misha Glenny

Pension reform can be hard to talk about. In the long run, reform now means fewer demands for layoffs and less draconian measures in the future. It's in the best interest of all Californians to fix this system now. — Jerry Brown

You know, and younger people today, you know, they may not have Social Security. They may not have a pension. They may have 17 different jobs. And so they have to be - they have to, you know, establish somewhat of an ownership, you know, mentality. — Stedman Graham

And at this very moment, like a miracle, the rail-bus appeared. We waved our arms frantically, hardly daring to hope that it would stop. It did stop. We scrambled thankfully on board.
That is the irony of travel. You spend your boyhood dreaming of a magic, impossibly distant day when you will cross the Equator, when your eyes will behold Quito. And then, in the slow prosaic process of life, that day undramatically dawns - and finds you sleepy, hungry and dull. The Equator is just another valley; you aren't sure which and you don't much care. Quito is just another railroad station, with fuss about baggage and taxis and tips. And the only comforting reality, amidst all this picturesque noisy strangeness, is to find a clean pension run by Czech refugees and sit down in a cozy Central European parlor to a lunch of well-cooked Wiener Schnitzel. — Christopher Isherwood

For though there was no chance of persuading a pension fund manager looking to make a longer-term loan to buy a Freddie Mac bond that could evaporate tomorrow, one could easily sell him the third tranche of a CMO. — Michael Lewis

Free education, almost free healthcare, a generous benefits system and a better state pension than elsewhere, guarantee equal opportunities for all citizens. The only problem is that all these require a considerable amount of public revenue. This is why the common assertion that to be born in Finland is like winning the jackpot in the lottery is only applicable when you are at the receiving end. A far more common experience is that you need to win the lottery just to cover the tax bill. — Tarja Moles

Presently Arnaud folded the paper napkin, in the same careful way he always folded a table napkin, and said I ought to follow Chantal's suggestion and get a job in teaching a nursery school. (So Maman had mentioned that to Mme. Pons, too) I should teach until I had enough working time behind me to claim a pension. It would be good for me in my old age to have an income of my own. Anything could happen. He could be killed in a train crash or called up for a war. My father could easily be ruined in a lawsuit and die covered with debts. There were advantages to teaching, such as long holidays and reduced train fares.
"How long would it take?" I said. "Before I could stop teaching and get my pension."
"Thirty-five years," said Arnaud. "I'll ask my mother. She had no training, either, but she taught private classes. All you need is a decent background and some recommendations. — Mavis Gallant

Death is an endless retirement with a pension of nothingness. — Mehmet Murat Ildan

How can you care for a rough man like me?' he asked me. 'How can you love a man who can bring you no lands but the farm a soldier's pension can buy? Who can give your children no title of nobility?' Because love does not do sums, I should have told him. Love makes choices, and then gives its all. Had he seen himself as I first saw him though, he could have had no questions. — Tad Williams

I want to talk about jobs and health care and pension security and what we're going to do to stop the brain drain in Ohio and make it possible for our young people to stay here and build a life in Ohio rather than in Pennsylvania or West Virginia or God knows where. — Ted Strickland

Henry VIII, for example, who was king of England from 1509 to 1547, ended his days surrounded by a great many young people for the simple reason that he'd had most of his old courtiers exiled or executed. Between the years 1532 and 1540 alone, Henry ordered 330 political executions, probably more than any other ruler in British history. If you worked for Henry VIII, then you really didn't need to worry about putting money into your pension fund as you probably wouldn't live long enough to spend it. — John Connolly

And somehow Hallie thrived anyway--the blossom of our family, like one of those miraculous fruit trees that taps into an invisible vein of nurture and bears radiant bushels of plums while the trees around it merely go on living. In Grace, in the old days, when people found one of those in their orchard they called it the semilla besada--the seed that got kissed. Sometimes you'd run across one that people had come to, and returned to, in hopes of a blessing. The branches would be festooned like a Christmas tree of family tokens: a baby sock, a pair of broken reading glasses, the window envelope of a pension check. — Barbara Kingsolver

A lot of people live in a property that will one day be part of their pension, and that is true for me too. I have an investment I can sell with ease. — Anthea Turner

You start a project as a young person and then at the end you are another person. You are ready to go for your pension. — Santiago Calatrava

Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment. — Ha-Joon Chang

Older homeless people are more likely to be women, because they don't have pensions and they are caretakers, so they withdraw from the workforce and end up having no pension if their husband leaves them, so the whole thing is just a nightmare. — Patricia Arquette

I mean, I may not hold the record in cleaning house either, but if I've got old milk cartons that smell like maggots I bundle them up and put them out."
"I'm on a disability pension'" he said. "I'm socially incompetent. — Stieg Larsson

Corporations are reneging on pension obligations. Social Security is under attack. — Dennis Kucinich

I assure the ex servicemen that One Rank One Pension has been accepted in principle but it is in talks. We want to get a solution which is acceptable to all. Discussions have come to the final leg, we hope for a positive result. — Narendra Modi

No capitalists after any war were ever so well paid for money loaned to the nation that carried it on. No class of money-makers ever gained such prosperity by any other war, as our War for the Union brought to the money-getters of America. All this was due in great measure to the rank and file of the Union army. Now let no rich man haggle with a needy veteran of that war about his right to a pension! — Rutherford B. Hayes

For women who have children, the economic difficulty of sustaining a life as an artist maybe makes it impossible. There's no maternity leave, there's no pension. — Elizabeth Price

He laughed. I mean a pension of fathomless peace - a reward for many years of deep meditation. I never crave money now. My few material needs are amply provided for. — Paramahansa Yogananda

Another leading senator that I degraded was Caligula's horse Incitatus who was to have become Consul three years later. I wrote to the Senate that I had no complaints to make against the private morals of this senator or his capacity for the tasks that had hitherto been assigned to him, but that he no longer had the necessary financial qualifications. For I had cut the pension awarded him by Caligula to the daily rations of a cavalry horse, dismissed his grooms and put him into an ordinary stable where the manger was of wood, not ivory, and the walls were whitewashed, not covered with frescoes. I did not, however, separate him from his wife, the mare Penelope: that would have been unjust. — Robert Graves

The Pension Dressler stood in a side street and had, at first glance, the air rather of a farm than of a hotel. Frau Dressler's pig, tethered by one hind trotter to the jamb of the front door, roamed the yard and disputed the kitchen scraps with the poultry. He was a prodigious beast. Frau Dressler's guests prodded him appreciatively on the way to the dining-room, speculating on how soon he would be ripe for killing. The milch-goat was allowed a narrower radius; those who kept strictly to the causeway were safe, but she never reconciled herself to this limitation and, day in, day out, essayed a series of meteoric onslaughts on the passers-by, ending, at the end of her rope, with a jerk which would have been death to an animal of any other species. One day the rope would break; she knew it, and so did Frau Dressler's guests. — Evelyn Waugh

There were a few people who got jobs in Limerick, a big barrel on wheels, and it was a barrel that went back and forth, and a shovel and a broom. So, they went around shoveling the horseshit into this barrel. So, you got that job when you were around 15, and then you got to retire at the age of 65, with a pension. A small pension. So that would be 50 years of shoveling horseshit. And I was advised very seriously that I should get that job. — Malachy McCourt

Many governments have faced the proposal of One Rank One Pension but no solution has been found yet. — Narendra Modi

Gays have become colossal bores. Once interesting and iconoclastic, all they seem to crave nowadays is the State's pension and seal of approval. They ought to go back to the days of the Stonewall Riots, when the police's violations of privacy and private property were the object of their anger and activism. — Ilana Mercer

They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it. — Chris Christie

Come the revolution, however, mesmerism was reconceived once more. From its beginnings many had seen it as an aristocratic fad: Mesmer (by this stage long gone to Germany and Switzerland) had made a fortune from the nobility, charged the huge fee of 100 livres for admission to his Society of Universal Harmony, and even been offered a pension for life by Marie-Antoinette. — Mike Jay

Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. — Michael Moore

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. — Eliot Spitzer

My dad loves what I do and I support my parents financially because they didn't have a job that gave them a pension. — Marilyn Manson

The universe is like a pension plan. It will match your investment. — Camryn Manheim

Employer contribution pension plans have become increasingly popular throughout the past two decades. — Ron Lewis

Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past. — Peter Drucker

You are here." Torin would have bet her pension that the graffiti scrawled next to it in a script she didn't recognize said, "And your luggage is in Antares," or a variation thereof. — Tanya Huff

I suppose, as a politician, I should be content, for the Canada Pension Plan certainly put my name in Canada's history books, and in italics. — Judy LaMarsh

But to hear Kennedy when he was grandstanding in front of the McClellan Committee you might have thought I was making as much out of the pension fund as the Kennedys made out of selling whiskey. — Jimmy Hoffa

If Britain is to have a stable, affordable pension system, people need to work longer, but we will reward their hard work with a decent state pension that will enable them to enjoy quality of life in their retirement. — Iain Duncan Smith

A bottle of vodka costs as much as a coat used to. And something to snack on? Half a kilo of salami is half a month's pension. — Svetlana Alexievich

Conservatives have proposed cutting pension plans and benefits like contributions to health care. Think for a moment what pensions are: Pensions are delayed payments for work already done. If employees' pensions are cut, the company is stealing their money - money they have already earned. If the corporation says it can no longer pay "generous" benefits, then the company is cutting employees' salaries. "Benefits" are not gifts; "generosity" is not at issue. Benefits are part of pay for work. Corporations — George Lakoff

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks. — Warren Buffett

Why do people put off travel until retirement? What are they saving it for? I understand that people want to be financially secure first, and pay off pension plans, but why consign the most active years of your life to drudgery? Why would you sacrifice today's freedom for a future that will always remain uncertain, no matter how carefully you plan for it? I'm not saying that everyone sitting in an office right this minute should drop everything and take off for Central Europe. I'm saying that if you want to see the world, plan for it and do it as soon as possible. The experience will give you the inspiration and fortitude you need to survive being a grown up. — Jessica Zafra

With a roof over his head he had ceased to work, living off his [war] pension and his wits, both hopelessly inadequate. — Spike Milligan

Next morning I finally arrived at the place. The two sisters had already left for work, but the landlady of the pension admitted me into their room. I fell asleep with exhaustion. By late afternoon, when they arrived, they were more shocked than elated about my presence. They took me within an hour to a coffee house, on Lipscani Street, where many Czernowitzers congregated. Sure enough, I met Jancu, the uncle of my former student Vera. He immediately took me with my belongings, to his family, to his parents. They were the warmest, friendliest people imaginable. Vera's mother was happy, because now, she thought, Vera would pass the grade, with my help. — Pearl Fichman

We need 21st century programs. We have to change the dynamic because the world - we're not in the Industrial Revolution anymore, where you could leave high school, go work at the town factory for 50 years, and retire with a pension. — Marco Rubio

You got your glory and you paid for it all, you take your pension in loneliness and alcohol. — Billy Squier

The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual's own work, his planning and his thrift will bring him a higher standard of living upon his retirement, or his family a higher standard of living in the event of his death, than would otherwise be the case. Hence the system both encourages thrift and self-reliance, and helps to prevent destitution in our national life. — Dwight D. Eisenhower

I don't invest in the stock market, but I have pension funds - some in America and the UK. — Eric Idle

A pension is nothing more than deferred compensation. — Elizabeth Warren

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves. — Ben Stein

The former pension minister, the Liberal Democrat Steve Webb said I was trying to abolish the lump sum. Instead, we are going to keep the lump sum and abolish the Liberal Democrats. — George Osborne

You know what they want? They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it. And now they're coming for your Social Security money. They want your f**kin' retirement money. They want it back so they can give it to their criminal friends on Wall Street. — George Carlin

If you've been frugal during your life and tried to save, you're penalised by the tax system. You pay tax on your wages, your savings and even your private pension. — Geoff Capes

Here were the luxury and priviledge of the well-fed man scoffing at all hopes and progress for the rest. [He] owed nothing to a world that nurtured him kindly, liberally educated him for free, sent him to no wars, brought him to manhood without scary rituals or famine or fear of vengeful gods, embraced him with a handsome pension in his twenties and placed no limits on his freedom of expression. This was an easy nihilism that never doubted that all we had made was rotten, never thought to pose alternatives, never derived hope from friendship, love, free markets, industry, technology, trade, and all the arts and sciences. — Ian McEwan

I have a fear of poverty in old age. I have this vision of myself living in a skip and eating cat food. It's because I'm freelance, and I've never had a proper job. I don't have a pension, and my savings are dwindling. I always thought someone would just come along and look after me. — Jenny Eclair

Retired soldiers are the worst sufferers when they engage in financial operations. I have found that their credulity far exceeds that of widows--and that is saying a good deal. — Agatha Christie

One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits - a total of $3.8m on a $120,000 investment. — Chris Christie

The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time. — Charlie Munger

A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion that only a tiny minority, at most one percent, are capable of pulling it off. Heck, if Helen Young Hayes, Robert Sanborn, Julian Robertson, and the nation's largest pension funds can't get it right, what chance does John Q. Investor have? — William J. Bernstein

The financial capital is being concentrated by corporations, institutional investors, and even our pension funds, and being reinvested in companies that repeat this process because it provides the highest return on that financial capital. — Paul Hawken

Now if you want to look to the medical profession for a true hard bastard, there is none harder, in my opinion, than the man I will now name. I mean, 99.9 per cent of doctors would want to protect their pension and keep in with the in-crowd, not, though, this man amongst men. The star witness against the screws from Barlinnie was Doctor Simon Danson. — Stephen Richards

The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat. — Ben Shapiro

There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds. — Peter Drucker

Pension: An allowance made to anyone without an equivalent. In England it is generally understood to mean pay given to a state hireling for treason to his country. — Samuel Johnson

The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services. — David F. Swensen

People don't place their trust in government or company pension plans; they have to be self-reliant. — Scott Cook

I just couldn't stand it any more back in Bes Pelargic,' Twoflower went on blithely, 'sitting at a desk all day, just adding up columns of figures, just a pension to look forward to at the end of it ... where's the romance in that? Twoflower, I thought, it's now or never. You don't just have to listen to stories. You can go there. Now's the time to stop hanging around the docks listening to sailors' tales. — Terry Pratchett

St. Leonard's Police Station DS Siobhan Clarke (pronounced "Shiv-awn") DI Derek Linford no friend to Rebus, disliked by Siobhan DCS Gill Templer officer in charge of St. Leonard's DC David Hynds a new recruit DS George "Hi-Ho" Silvers officer with both eyes on approaching pension DC Grant Hood young and unpredictable officer with a crush on Siobhan DC Phyllida Hawes tough female officer, usually based at Gayfield Square DCI Bill Pryde second in command to DCS Gill Templer The Edward Marber Murder Case Edward Marber murdered Edinburgh art dealer Cynthia Bessant friend of the — Ian Rankin

I've done a contract with my district. I have term-limited myself. I am not taking the pension. I am not taking pay raises, and my family and I are bringing our own health care to Washington, D.C. And my dad taught me as a kid to lead by example - Congress should not have anything better than the American people. — Bobby Schilling

A generous basic state pension is the least a civilized society should offer those who have worked hard and saved through their whole lives. — George Osborne

Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings. — Sander Levin

My father died when I was two years old. But my mother was quite capable. She raised three children with his war pension which was peanuts. Yet we did not want for anything. We grew up with a certain parsimony, which is a nice thing. Then if life gives you more good, otherwise you get used to. I'm still thrifty. — Giulio Andreotti

And suddenly it hits you: Human skin is actually made up of billions of tiny units of protoplasm, called "cells"! And what is even more interesting, the ones on the outside are all dying! This is a fact. Your skin is like an aggressive modern corporation, where the older veteran cells, who have finally worked their way to the top and obtained offices with nice views,are constantly being shoved out the window head first, without so much as a pension plan,by younger hotshot cells moving up from below. — Dave Barry

Bonds as an asset class will always be needed, and not just by insurance companies and pension funds but by aging boomers. — Bill Gross

But in more than a few cases, you can draw a straight line from a cop being laid off or a union worker having his or her pension slashed back to the week of 2008 when a handful of Lehman executives took a payoff to mark down their own inventory. — Matt Taibbi

When top executives get huge pay hikes at the same time as middle-level and hourly workers lose their jobs and retirement savings, or have to accept negligible pay raises and cuts in health and pension benefits, company morale plummets. I hear it all the time from employees: This company, they say, is being run only for the benefit of the people at the top. So why should we put in extra effort, commit extra hours, take on extra responsibilities? We'll do the minimum, even cut corners. This is often the death knell of a company. — Robert Reich

Social Security is a widely popular program because the individual has been deceived by the Statist to believe that the government has been prudently and diligently managing his accumulated pension investment in his Social Security account, which he presumes to be funded by his own payroll taxes. — Mark Levin

The implication that women work for pin money and can manage on a worse pension, presumably by relying on husbands, riles. But even more galling for women is that few government ministers seem to even appreciate the value of the work they do. — Frances O'Grady

Oh my god! You still have a crush on Nic don't you? That's so cute, brother! You're like Brand from Adventures in Babysitting." Miles cackles at this reference but my blood runs cold. Aubrey's pension for eighties movies has just turned me into a pedophile. — Marley Jacobs

Social Security got passed because John D. Rockefeller was sick of having to take money out of his profits to pay for his workers' pension funds. Why do that, when you can just let the government take money from the workers? — Aaron Swartz

Well, Mr Thomas, while I'm in favour of education, I couldn't in good conscience recommend a university career in anything but the hard sciences. As a working environment, the rest of academia is a sewer of irrationality, hate mongering, envy, and self-interest. I'm getting out the moment I earn my twenty-five-year pension package, and then I'm going to write novels ... — Dean Koontz

I worked in an insurance office for six years, and it was there that I just woke up one day and realised there was something massively lacking in my life, and a non-contributory pension and a subsidised canteen could not fill it. — Jamie Sives

If you want to work your stinking job and pay into a pension plan for the rest of your days then fine; if you want to visit the supermarket once a week and feel great about yourself for finding the best offers on low fat microwave meals then fine; if you want to click around them computers all night, chatting to your Aunt Sally in Honolulu then fine; if you want to drink in moderation so you don't end up shitting the bed then fine; if you want to continue the cycle of obedient drones then fine; if you want to resent how average your life has turned out in return for a salary that buys you nothing more than permanent misery then fine. All fine and dandy. Go right ahead. Just leave me the fuck out of it. — Rupert Dreyfus

I'm 78, I'm on my pension in Ireland, and all that good stuff. — Anne McCaffrey

When I first met my husband, he had a very good job - company car, pension plan, grudging respect from his staff - the lot. I, on the other hand, was badly paid and devoid of ambition. Then I had a couple of books published and confounded all expectations by starting to earn more than he did. — Marian Keyes

I realized sometime in the early '80s that if I didn't do something - like planning for the future in a way, a kind of pension or something - that if I didn't do something there and then, I was going to be condemned to forever present my three years as a pop star, condensed, as a stage act for the rest of my life. Because that's normally what happens to people in the pop business. — Nick Lowe

The bigger worry for him is if Danish banks and pension funds lose faith in the peg and start to sell euro assets to hedge their currency risks. "It is more important for Danish authorities to convince people in Denmark that they keep the peg than foreign investors," he says. — Anonymous

What was to be a relatively innocuous federal government, operating from a defined enumeration of specific grants of power, has become an ever-present and unaccountable force. It is the nation's largest creditor, debtor, lender, employer, consumer, contractor, grantor, property owner, tenant, insurer, health-care provider, and pension guarantor. Moreover, with aggrandized police powers, what it does not control directly it bans or mandates by regulation. — Mark R. Levin

We can't reform mandatory spending in this area until we first deal with ours. I tell my colleagues, 'Let's get the moral high ground and demonstrate that we want to make changes to our pension, and then we can deal with the big problems.' — Timothy Griffin

Anyone with a pension or retirement is an investor in the stock market. — Brad Katsuyama