It's been that way for quite a while. E.g. there was a book written (perhaps in 1955) titled Where Are the Customers' Yachts?[1] or A Good Hard Look at W

It's been that way for quite a while. E.g. there was a book written (perhaps in 1955) titled Where Are the Customers' Yachts?[1] or A Good Hard Look at Wall Street As one review puts it[2]: The title came from a story about a visitor in New York more than a century ago. After admiring yachts Wall Street bought with money earned giving financial advice to customers, he wondered where the customers' yachts were. Of course, there were none. There is far more money in providing financial advice than there is in receiving financial advice. [1] http://www.wiley.com/WileyCDA/WileyTitle/productCd-0471770892.html http://www.wiley.com/WileyCDA/WileyTitle/productCd-047177089... [2] http://www.fool.com/investing/general/2014/02/21/where-are-the-customers-yachts.aspx http://www.fool.com/investing/general/2014/02/21/where-are-t...