Some feedback this morning from a former broker now launching his own fund:
“A few weeks ago I gave a broker that I used to work with a copy of your book [Trend Following] to show him that it is possible to make money trading. About a week later I spoke with him about it [and] was floored by his response. The only thing he wanted to know was, “how does this help me bill more commissions?” He just didn’t get it…This really illustrates the lack of knowledge and responsibility brokers who work on commission really have for their clients.”
Actually I think the broker who wanted to milk more commissions did get it. He realized my book would not help him to do that!