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The Boss

Traders Magazine, June 2007

Michael Scotti, Editorial Director

While writing a story for this issue, I was reminded of an old Wall Street axiom. There are two types of people on Wall Street, a veteran near retirement once told me. "There's the boss and the hoss," he said. It was something his father used to pound into his young head many years ago on the floor of the American Stock Exchange. The "boss" is the person with the order, and the "hoss" is the person without an order who needs one.

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