Making Enemies

How’s your spring going?  I’ve spent mine ripping back the curtain and making enemies all over the financial services industry.  I keep hearing the same thing again and again from my former colleagues in brokerage industry:

“You know they want to kill you, right?” or “They hate you – but they read you.  And they can’t say that you’re wrong.”

One of my blogger colleagues, a former broker himself, reminded me last night that “If this were the 90’s, you’d probably need protection of some kind.”  He’s probably right, all kinds of scary people had a lot to lose by someone putting the scripts and pitches and tricks out there.  Those scary people are no longer in the business for the most part.  For the most part…

A friend of mine was out drinking with a crew of brokers the other night in NYC, apparently the conversation turned to the subject of me and the things I published in my book.  Supposedly half of them couldn’t believe I did it.  My friend may or may not have admitted to knowing me, lol.

But it’s too late now, I’m just getting warmed up.



I understand why you would want to check with your wife.  I have to respect a man who respects his wife.  It’s probably the reason why I’ve been with my wife for so long.

However, as a businessman, which you obviously are, you must make a lot of important decisions everyday, correct?
Decisions that I’m sure you couldn’t or wouldn’t consult your wife on!  And she’s OK with that because she trusts your judgment, right?

Now if this call was about buying a large piece of property or taking a million dollar position in a stock, that would be one thing.  But we’re not talking about anything as substantial as that, are we?

Of course not!

What we are talking about, I mean really talking about, is establishing a relationship with someone that you can trust.

And besides, ___, I know from experience that it’s probably a lot easier to beg for forgiveness than it is to ask for permission!


___, I know you’d rather speak to your wife, and believe me; I want you to feel comfortable as well.

But I know from experience that your wife will feel much more comfortable when you show her the FedEx package that comes to your home after you purchase the stock.

In it will be a full dossier on ___, as well as a complete profile on myself and the firm.  In addition, account information from ___, the largest clearing firm on the planet which is where your stock is held, not to mention where your checks go to as well.  The annual report, the 10K, the confirmation, all of which will be much better than you just telling your wife that you want to buy stock from someone you’ve never spoken to in a company you’ve never heard of.

___, what do you think she’s going to say?



Backstage Wall Street on Amazon




This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. PI News Wire commented on Sep 22

    … [Trackback]

    […] Info to that Topic: […]

  2. Quality Engineering commented on Nov 11

    … [Trackback]

    […] Find More Info here to that Topic: […]

  3. homeworks commented on Nov 23

    … [Trackback]

    […] Find More on to that Topic: […]

  4. commented on Nov 27

    … [Trackback]

    […] Find More here on that Topic: […]

  5. 사설토토 commented on Dec 15

    … [Trackback]

    […] Find More to that Topic: […]

  6. diamond paintings commented on Dec 29

    … [Trackback]

    […] Here you can find 18524 additional Info on that Topic: […]

  7. software testing company commented on Jan 15

    … [Trackback]

    […] Find More Information here on that Topic: […]

  8. Milwaukee 2429-20 manuals commented on Jan 19

    … [Trackback]

    […] Information on that Topic: […]

  9. fake rolex commented on Jan 28

    … [Trackback]

    […] Read More to that Topic: […]