29 Dec '13, 8am

The Sunday Read: How to swindle your grandmother

The Sunday Read: How to swindle your grandmother by Drizzt on December 29, 2013 One shall not judge but I guess what he has done may never leave him. I was a little hesitant at first. I had no interest in stock brokerage. I didn’t know anything about it. So I walked into this office park in Lake Success, and there was no sign that says Stratton Oakmont or anything but there’s a line of cars — Rolls-Royces, Bentleys, Lamborghinis, Ferraris, Porsches, Mercedes. You provide an instant justification of reward. Why talk about ifs and possibilities? When a stock collapsed, the mentality was that even if you lost thousands of dollars you’d buy more — instead of relating to a client that it crashed, you’d say it’s trading at a discount. And it worked because everyone wanted to make money. Shit. Isn’t that what I sold my readers sometimes as well? I went from a cold caller to an ac...

Full article: http://thefinance.sg/2013/12/29/the-sunday-read-how-to-sw...

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