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I'm a big believer in visualizing success. I was a late bloomer, but Mom always told me to picture myself as the largest land mammal in North America. Now who's the size of a small pickup truck? This buffalo.

The 1940 Investment Advisors Act

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The 1940 Investment Advisors Act

This act targeted the evil-doers, who convinced Ma and Pa to speculate on oil wells in the Arctic when they should have been putting their life savings into T Bills. The evil-doers were the investment advisors themselves and going forward, they were subject to minimum education requirements as well as passing onerous and ungodly boring exam preps like the one you are reading now (sorry). For the test, note that if an advisor bills outside of the trading relationship with the client, they...

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