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Archive of entries posted on 14th July 2021

Wall Street is an ugly product machine — interested in short-term fees, not long-term successes. And now… drumroll … the Lordstown SPAC disaster

Wall Street invents products to sell to unsuspecting “investors.” There’s always a story why this latest investment product is the greatest thing since sliced bread. Wall Street takes its profits (also called fees) up front, while sticking you, the investor, with a typically poorly-performing product. I could fill a book with stories of the junk […]