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Stock Market Enthusiast
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Mercury Securities Research
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Southeast Asia has US$60b AI boom, but its own startups are missing out
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
joerakmo
725 posts
Posted by joerakmo > 2014-08-13 09:27 | Report Abuse
Brokers and IB's (and also Bursa) are at fault in continuously pushing for higher turnover and profits.What happened in NYSE with the CDO's was a result of this.It is akin to a casino increasing the number of tables(ie remisier/dealer);however when shit happens who takes the fall.And also when markets tank 'the banks take away your umbrella'
It cuts both ways with the clients as well but generally; when there is mutual trust and respect...both makes money.....harmony is the key!!