The Parasites of Finance

I am always amazed at how some business models manage to hang on despite overwhelming proof of their lack of purpose or value added.
Perfect conditions for a financial-industry leech. Photographer: Ron Antonelli/Bloomberg

Over the past few decades, I have watched the financial industry change. Some parts have evolved quite slowly, while others shift rapidly. But I am always amazed at how some business models manage to hang on despite overwhelming proof of their lack of purpose or value added.

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