Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors.
Joel SpolskyWatching nonprogrammers trying to run software companies is like watching someone who doesnโt know how to surf trying to surf. Even if he has great advisers standing on the shore telling him what to do, he still falls off the board again and again.
Joel SpolskySoftware development takes immense intellectual effort. Even the best programmers can rarely sustain that level of effort for more than a few hours a day. Beyond that, they need to rest their brains a bit, which is why they always seem to be surfing the Internet or playing games when you barge in on them.
Joel Spolsky