Thirty to 40 years ago, most financial decisions were fairly simple.
So I think instead of focusing on the competition, focus on the customer.
Before 1980, it was basically illegal for U.S. banks to invent new products.
We're still in the first minutes of the first day of the Internet revolution.
Well, today people have to be self-reliant if they want a secure retirement income.
The changing nature of money is only one facet of the financial services revolution.
Technology is similarly just a catalyst at times for fundamental forces already present.
People don't place their trust in government or company pension plans; they have to be self-reliant.
The current institutionally provided retirement plans will not cover people's needs upon retirement.
Today more people believe in UFOs than believe that Social Security will take care of their retirement.