During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”
November 22, 2017
It was roughly 27 years ago when I became convinced that the brokerage industry business model was irrevocably broken. It was too conflicted. Customers were taken advantage of by hidden commissions. However, it continued right up to the moment two Bear Sterns managers couldn’t sell bonds they held in a hedge fund. It started the debt...