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Chapter 1
A Brief and Clever History of the Securities Markets |
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Progress might have been all right once . . . but it has gone on too long.
OGDEN NASH |
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Imagine what it must feel like to be a 60-year-old stockbroker today. How can you possibly digest and cope with the changes that have taken place in your business and in your life? |
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The securities markets have been dramatically changed forever. Millions of individual traders have taken control of their investments through the use of the unprecedented power of the Internet, and that number will increase by many millions more in the next few years. |
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These are the electronic, self-directed investors . . . and they don't need you any more. Not even Ogden Nash can save you now . . . |
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Change is the only constant in our lives. Nowhere has change been more tumultuous than in the securities markets over the past six years. Much of that change has been driven by the emergence of a new kind of investor, the individual who is determined to take control of his financial futurethe electronic, self-directed investor. |
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