Brokers will tell you they make a fortune for their clients...
Fact is, these well plugged in market "immortals" mostly do!
The stark reality however is that it is the "system" they are plugged into that provides the contacts and makes the money...not the brokers...and without it, they are nothing.
The system or "network" that effectively runs a sort of hidden parallel off-market exchange, is sponsored by the big end of town...the brokers, sadly, are simply their lap dogs.
Whilst some brokers may well perform their job better than others, replace one with another...and the process continues.
The replaced broker however, now he is on the "outer", becomes mortal like the rest of us.
Welcome to life as a retail trader/investor!
Cheers!
bought at 13.5, page-37
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