Remove tag pioneer legal
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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

So it was Franklin, along with mutual fund pioneer Sir John Templeton. Yeah, they were pioneers in emerging markets and really kind of global equity. You can put those tags in there but still take a professionally managed strategy… RITHOLTZ: Right. Just about 30 years ago, Franklin acquired Templeton, Galbraith, and Hansberger.

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Transcript: John Hope Bryant

Barry Ritholtz

And how’d you get rich legally?” How does he answer the question, what do you do for a living and how do you get rich legally? Two, I was shocked that it was legal. And how is it that you, what’s this car that’s in the parking lot, it’s got plates on it and a tag and it’s brand new.

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Transcript: Brian Hamburger

Barry Ritholtz

And so, as advisors look to leave these big enterprises and go independent, one of the biggest things we need to train them on is the distinction between compliance, legal, and risk. RITHOLTZ: Compliance, legal, and risk. HAMBURGER: Those are pioneers. RITHOLTZ: Hey, the deal could always fall apart in legal.

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Transcript: Benjamin Clymer & Jeffery Fowler, Hodinkee

Barry Ritholtz

And so the first people to sell watches on the internet, or even list watches on the internet, were what we call gray market dealers, guys that had no legal right to sell watches. And then within LVMH, I moved to Tag Heuer, which is a pure watch business — RITHOLTZ: Right. CLYMER: Absolutely, it still is. Hand wound moon watch.

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