An old Wall Street joke tells about a junior financial journalist that naively asked the manager of investment banking division: “Why do customers keep buying mutual and provident funds despite their scant profits and low yields?”
The senior financier amusedly looked at him, grinned and said: “They don’t buy them… We SELL them!”
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Reblogged this on Crowd Thought en el Mercado de Capitales Chileno.
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