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>So? Loss leaders are by their nature unprofitable and thus will go away as soon as they're not required. Suppose if Vanguard disappears, then Fidelity will h
by desdiv 9y ago
>So?
Loss leaders are by their nature unprofitable and thus will go away as soon as they're not required.
Suppose if Vanguard disappears, then Fidelity will hike their rates up.
On the other hand, if Fidelity disappears, Vanguard won't hike their rates up because they won't bite the hand that feeds them since it's their own hand.