That is, just as most hedge fund
profits go to hedge fund owners, most outside equity investment goes to insiders —
brokers, management, initial equity owners — via the persistent mistakes and carelessness of your
average investor.
Speaking at GMAC Home Services Annual Business Conference in Las Vegas, John Bearden noted that «The numbers alone speak to the industry's misalignment:
Brokers across the nation today
average just $ 137.50 in net
profit for each transaction — despite several of the best years in the history of the industry.»