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Posts Tagged ‘brokerage’

Ron Chernow: Broker Banker

Posted by admin on Wednesday, July 28, 2021

Ron Chernow Money Quote saying savings for the wealthy have become financialized by brokers who risk money, rather than save it. Ron Chernow said:

“Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker” — Ron Chernow

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<a href="https://itsamoneything.com/money/ron-chernow-broker-banker/ "><img loading="lazy" class="featured_image_embed" src="https://i2.wp.com/itsamoneything.com/money/wp-content/uploads/Ron-Chernow-Brokerage-Savings-Stock-Market-Banker.jpg?resize=630%2C330&ssl=1" alt="American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker Quote" width="630" height="330" data-recalc-dims="1"><noscript><img loading="lazy" class="featured_image_embed" src="https://i2.wp.com/itsamoneything.com/money/wp-content/uploads/Ron-Chernow-Brokerage-Savings-Stock-Market-Banker.jpg?resize=630%2C330&ssl=1" alt="American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker Quote" width="630" height="330" data-recalc-dims="1" /></noscript><br />Ron Chernow Money Quote</a>

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Paul Tudor Jones: Brokerage Conflict

Posted by admin on Saturday, November 14, 2015

Paul Tudor Jones Money Quotation saying there would be a dramatic change in trading if market losses meant commensurate loss for brokers. Paul Tudor Jones said:

“I got out of the brokerage business because I felt there was a gross conflict of interest: If you are charging a client commissions and he loses money, you aren’t penalized” — Paul Tudor Jones

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<a href="https://itsamoneything.com/money/paul-tudor-jones-brokerage-commission-conflict/"><img loading="lazy" class="featured_image_embed" src="https://i2.wp.com/itsamoneything.com/money/wp-content/uploads/Paul-Tudor-Jones-Brokerage-Business-Client-Commisions-Penalized.jpg?resize=630%2C330" alt="I got out of the brokerage business because I felt there was a gross conflict of interest: If you are charging a client commissions and he loses money, you aren’t penalized Quote" width="630" height="330" data-recalc-dims="1"><noscript><img loading="lazy" class="featured_image_embed" src="https://i2.wp.com/itsamoneything.com/money/wp-content/uploads/Paul-Tudor-Jones-Brokerage-Business-Client-Commisions-Penalized.jpg?resize=630%2C330" alt="I got out of the brokerage business because I felt there was a gross conflict of interest: If you are charging a client commissions and he loses money, you aren’t penalized Quote" width="630" height="330" data-recalc-dims="1" /></noscript><br />Paul Tudor Jones Money Quote</a>

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