Death in Slow Motion

PDF Download (Paid Subscription Required): Death in Slow Motion There is nothing quite like

Want to continue reading this and the other 1,500+ essays you won't find anywhere else?

Already a subscriber? log in here

To learn more about Epsilon Theory and be notified when we release new content sign up here. You’ll receive an email every week and your information will never be shared with anyone else.


  1. Re Rusty’s list:

    1. There can be real value here if, as you note, the FA is one of clear eyes, full heart

    2. No longer defendable in current transparency / fiduciary / regulatory environment

    3. Never forget that the government often “fixes” something by making it worse

    4. The kindest comment for this is that people will do anything to avoid a hard decision / solution: clear eyes, full heart - tell the truth and be willing to get fired

  2. In my office the most successful (read: highest compensated) FAs are the ones who couldn’t tell you the difference between a stock and a bond. They’re basically getting paid to allocate to one of the high-cost SMAs and then be a friend to their clients. They’re glorified bartenders. And they make a lot more money than I do. How long do you think that can last before someone notices what a racket it is?

  3. Avatar for rguinn rguinn says:

    Honestly? Practically forever, or at least as long as both of us could imagine.

  4. Burn it all down.

Continue the discussion at the Epsilon Theory Forum


Avatar for rguinn Avatar for Mkahn22 Avatar for Desperate_Yuppie Avatar for mpalczew

The Latest From Epsilon Theory


This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.