Wall Street's Insider Advantage

Do Wall Streeters have an advantage that smaller investors don’t?

I often discuss who I call “inside players,” those in the financial community who may have an advantage of “being there” on the inside. And how any disadvantage of being an investor “on the outside” can be avoided.

The inside players often make the bulk of their earnings from fees, plus the important fact they can arrange deals and contracts; not because they are smarter or more astute investors.

Just one example: Wall Street pros are notoriously poor market timers. (See the Earl J. Weinreb NewsHole® comments.)