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Dancing silently in your chair = appropriate celebration. Jabbing your pencil in the air and yelling "IN YOUR FACE, ETS" = not so much.

Soft Dollars

The door opened and the Smoking Woman was back. “Who can tell me what soft and hard dollars are? Stop smirking, people, this isn’t Adult Film 101.” She pointed at Eddie. “Describe a soft dollar arrangement to me, in 50 words or less.”

Eddie knew this one. “Soft dollars are a way to use commission revenue to pay brokerage firms for their services, as opposed to paying with hard dollars. An example would be a mutual fund company that ‘purchases’ a brokerage firm’s research or analyti...

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