So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
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...