The revenue model for investment managers is an annual wealth tax on their clients no matter how bad the returns! Hell of a way to charge fees, huh? Would we al

The revenue model for investment managers is an annual wealth tax on their clients no matter how bad the returns! Hell of a way to charge fees, huh? Would we all love it if computer programming services were charged as a percentage of the market cap of the customer who needed the work done! But it's Wall St so everyone just accepts a wealth tax model. Then we take them seriously when they repeat their bullshit when to distract from their wealth destroying fees they scream "HFT" "Short Sellers" "The Frickin' Bogeyman"