Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors.
All his gold speculations, his stock speculations I speak of those which were purely speculative as brokers use the term generally resulted in losses.… He did not make money … out of those crises of 1869, 1873 and the Erie manipulations of 1868, which have been most strongly condemned.jay gould
The army of brokers, jobbers and other quaintly named parasites.neil kinnock
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