Do You Want To Make Money Or Would You Rather Fool Around?

August, 1999

Do You Want to Make Money or Would You Rather Fool Around?In the early Sixties I was being trained on Wall Street to be a stockbroker. Only Merrill Lynch had a formal training program in those days; everyone else seemed to believe in on-the-job training. Boardrooms were where all the brokers sat surrounded by customers, many of whom were regulars. The customers spent part of every day watching the ticker tape parade by on the wall and trading stocks and stories. Brokerage offices were like socia...