Could any other industry get away with this?

Posted by Robin Powell on November 5, 2015

Could any other industry get away with this?

 

It’s three years since I started researching the financial services industry, but every day I see and hear things that frankly astound me.

It’s not just those who work in it who consider it a special case. So do journalists and politicians. Even we, the end users of financial services, are pretty much resigned to the fact that Wall Street and the City operate to a completely different set of rules to everyone else.

Now at least I know it’s not just me who feels this way. This article by Morgan Housel brilliantly encapsulates the disconnect between the financial sector and the real world the rest of us inhabit. I recommend it to you.

If other industries were like Wall Street

 

Robin Powell

Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.

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