Monday, September 3, 2012

Ten Inviolable Rules for Dealing with Wall Street

Ten inviolable rules for dealing with Wall Street investment banks:

1 Reward is always relative to risk
2 Information is always asymmetrical
3 Good advice is always priceless
4 Always ask what the seller's motivation is
5 Legal documents always protect the preparer
6 Fees and commissions always impact performance
7 Investment banks always maximize shareholder profits
8 Investment banks always protect their own reputation
9 Keep it simple, stupid (KISS)
10 There is no free lunch, no free money, no riskless trade

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