No. of Recommendations: 5
Vigorish - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Vigorish?
Vigorish, or simply the vig, also known as juice, the cut or the take,

"Where Are the Customers' Yachts?"
By Morgan Housel

...The title is as relevant today as it was back then. There are few industries that pay themselves so much for doing so little as financial services.

But the industry is changing...

http://www.fool.com/investing/general/2014/02/21/where-are-t...

I like that guy, reminds me of Bill Mann. I think things have improved last thirty years, it seems to be a generational thing. Could not convince my mother that the management fees she was paying on an underperforming fund were ridiculous. Not sure, but might be better to go to the casino off I-85 twice a year and see what happens, the vig seems less. No worse, anyway.
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