10.26.2017

Foreign Intelligence


In this era of globalization, it's a wonder that some people would still base some of their trading decisions on which broker is buying/selling a stock. 

This is especially baffling when people would be influenced if people would buy just because a certain broker, usually a 'foreign' broker, is buying.

Is it because of some remnant of colonial mentality? Which is defined as the following: 


Are foreign brokers (if foreigners really are the ones doing the buying/selling) really superior to local brokers? 

Do they have access to some super secret formula that cannot be shared to local brokers? 

Are they really omniscient that they will not take in losses? Or make bad trading decisions? They are still people after all. 

What if I open an account in one of these foreign brokers, will my processing unit be automatically upgraded with this so-called foreign intelligence? 

The idiocy of some stock market myths astound me sometimes.