In the movie Trading Places the Eddie Murphy character catches on quickly to the concept of stock broking, likening it to bookies who make money off both ends. We’re led to believe by the popular press and a bunch of self-aggrandizing books that the highest value on Wall Street is creating value. Unh hunh. Then how come stock brokers make a fortune whether your money goes up or down? (Do they teach THAT in business school, that the best way to make a fortune is to collect fees off both sides?)
