Marketwatch: Seven rules for bull-and-bear predators
As applicable to Dalal Street as Wall Street: Seven rules for bull-and-bear predators in a ‘brutal, manipulative world’
10. ‘The more visible your power, the more its limits are known’.
They mimic stealth bombers. Revealing nothing unless forced to, even controlling the en-forcers. Wall Street operates behind a veil of secrecy, a “happy conspiracy” as Vanguard founder Jack Bogle calls it. They live by deals with politicians, lobbyists, SEC staffers, corporate CEOs, money managers, cable anchors, brokers, bankers — the list goes on.
17. ‘Those who are dependent on you will be the most faithful’.
Back in the mid-1990s Wall Street initiated a major strategic move to expand into the asset-management business and control vast sums of money. Since then they’ve brainwashed investors into a childlike dependency.
Cynical, yet true?
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August 21st, 2007 at 6:58 pm
20 Timeless Money Rules http://money.cnn.com/galleries/2007/moneymag/0708/gallery.20_rules.moneymag/index.html