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[sharechat] Venal or Incompetent? Sharebrokers my 0.02c

From:	Marilyn Munroe <who.c@res.co.nz>
Date:	Sun, 19 Jan 2003 12:49:25 +1300

Good point Hugh

A good example of this was the resolute optimism of CS First Boston regarding 
their corporate client BIL.

Broker recommendations are to be taken with a pinch of salt particularly when 
the broker has the listed company as a corporate client.

My advice when considering a broker recomendation is to establish if the 
broker has a relationship with the company.

Brokers must live, and many have financial obligations such as school fees and 
marina leases to support. It is as unrealistic to expect them to 'dis' the 
product as it is to expect a car salesperson to do the same.

Boop-boop-de-do Marilyn

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