Joshua Brown (@ReformedBroker) tells the tale of his past life as a retail broker and share's his observations on why the system doesn't serve the investors best interest.
My favourite quote from the video: "I'm going to do right by my clients first, and get paid second." Always ask your advisor if they are held to a Fiduciary standard.
Click here to watch the video directly on The Wall Street Journal.com
I blog about exempt market investing in Canada. I tend to be hard on the traditional markets for what I believe to be good reason. The antiquated model has lost its ability to effectively connect the investor to the business (in my humble opinion). The exempt market simplifies this relationship by once again restoring the value that an investor brings to a firm. Sound simple? That's because it actually gets more complicated from there... (and I also blog about insurance on occasion)
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