The Art of Banking: a joke (i.e. an insight) from Wall Street

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… We SELL them!”

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One Response to The Art of Banking: a joke (i.e. an insight) from Wall Street

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