No Place for Sy Syms on Wall Street

Sy Syms, a retail maven in the New York market, is known far and wide for coining the slogan, “An Educated Consumer Is Our Best Customer.” Well, that may have worked for Sy in retail but there would be no place for Sy on Wall Street. Why? An educated customer, whether institutional or retail, is able to more fully understand products, risk,and pricing. In the process, profit margins get squeezed. The Wall Street Journal highlights this point in reporting, Plain-Vanilla Financing Could Melt