By: Richard Robinson of Street Authority
"Where are the customers' yachts?"
It was a question the tour guide didn't expect. He was taking a group of tourists through the financial district in lower Manhattan from the area now known as Battery Park.
Eventually docks appeared around the park. And because of its proximity to Wall Street, it became a favored location for Wall Street bankers and brokers to dock their very expensive yachts.
So it was on this day that the tour guide was extolling the virtues of Wall Street moneymen. He told his audience that the yachts were the rewards for creating enormous wealth for their customers.
To which one lone voice asked, "Where are the customers' yachts?" Continue reading "Are 'Value' ETFs Worth The Risk?"
