From a cynical perspective, every profession tries its best to confuse outsiders. This simply allows the profession to appear more esoteric and allows the professionals to charge hefty fees for offering their services. Imagine walking into an investment advisory firm and hearing words like – mezzanine tranche of a collaterized debt obligation, convertible debentures, double no touch structures etc. You are bound to walk out of the office thinking that I have no clue about all this, better pay the management / advisory fees to get the promised superior returns. True, right? Nowadays, even...
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