...simply by introducing price transparency—I guess the incumbent middlemen wholesalers have been taking advantage of their superior information to reap unreasonable markups. Textbook case of legitimate middleman disintermediation—not even the middleman GOAT, March Rich,...
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...could preserve his margins when pricing transparency came to the world commodities trading markets.
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I'm sorry, I meant "Marc Rich" of course—never disrespect the GOAT!
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Replying to @PinkPoloShorts
I take your point, but let me ask you this: Do you think Milken made more money as a dealer/market maker earning a spread, or as an underwriter of new securities working for a fee? I don't know myself...
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Replying to @PinkPoloShorts
Understood, thanks! Milken was a great middleman, no doubt. But if you put a gun to my head and asked me which of Milken or Rich stashed more money away from the old days where no one will ever find it...........gun to my head I'd say Rich! But who knows...
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Replying to @PinkPoloShorts @ThePIBnyc
Mike Milken went to jail. Marc Rich went to Switzerland. I rest my case.
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Replying to @Molson_Hart @PinkPoloShorts
Yeah, it's hard to claim the GOAT middleman mantle when they sent you to prison.
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It's like Michael Jordan vs. Lebron James. https://www.bloomberg.com/news/articles/2018-06-15/trump-insiders-are-said-to-seek-pardon-for-milken-king-of-junk …
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