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As I've said before, I think that fees for pitching is the beginnings of a market that will replace a web of insider influence and is a healthy thing. The fees
by ojbyrne 17y ago
As I've said before, I think that fees for pitching is the beginnings of a market that will replace a web of insider influence and is a healthy thing. The fees will go down because of competition to the point where they'll cover the actual administrative costs plus some profit to cover cost of capital etc.
The insiders are whole-heartedly against this, because it threatens their influence. Its a scene right out of Ayn Rand.
- rms 17y agoI don't think there is enough information in currency markets to build a reputational economy that could replace a web of insider influence. The transition is a lot more complicated than the system Rand talked about.