Mac Murray

Posts Tagged ‘institutional brokers’

Pseudo-Traders with No Face-to-Face with the Investing Public

In DEEP Investing, INTELLIGENT Investor on December 22, 2009 at 5:35 AM

Welcome to the arena.

There are several variations of pseudo-traders who have little to no face to face with the investing public.  Two examples:

The Do-What-The-Boss-Tells-You-To-Do “Trader”: This is the institutional or mutual fund version of the cash-register-clerk “trader”.  The only difference is the customers queuing up to buy or sell are institutional brokers.  In this scenario, the folks barking orders on the other end of the phone aren’t interested in your advice. Read the rest of this entry »