And maybe I should do a whole video on what sell side means, but since I said the word I'll tell you right now.

You just need to ask what are core services that are part of your value proposition.

Sell, sell, sell.

And then this syndicate of banks, led by the lead underwriter, will then sell it to their brokerage clients.

They write these research reports because they want to go to institutional investors or people who have their brokerage accounts with these banks, and essentially sell them stock.

Those are the people who are actually managing money and deciding what they want to invest the money in.

but you can't decide I'm your only supplier.

What do you sell?

And here it's kind of hard to visualize, so I graphed it as a three dimensional surface. 3D.

But this is, of course, an optimistic scenario. Let's think of other scenarios.

And then Bear Stearns will package a bunch of these mortgages together, essentially IOU's from people.

And their value proposition, as even they realized later, was pretty unclear.

Sold

PHOTO RELEASE

My dad sells tractors.

We call it a select opportunity .

This is the PC guy over here.

Our liquor license!

What's so awesome about a queensize futon sale?

This guy is a Bible salesman.

The amount of money you get.

He's like, you know what, we have to match his prices.

And that's better than what you get out of treasury bonds.

So that's what sell side means.

October is inventory time.

Cell phone salesman.

He could also be a Bible salesman.

In a physical channel, a direct sales force are sales people that work for you directly and typically sell directly to the end user.

By the way, the how many is a classic question, and the answer is it depends.

Really?

So far we looked at open end mutual fund that can kind of grow and shrink depending on how many investors want to invest in that fund and they can grow by creating new shares and selling those shares to general public and they can shrink because someone who wants their money back goes to the fund and said

I'm a salesperson.

I had to break a machine open.

He's going to be selling Nerf footballs.

Cell phone salesman.

Uniform supply company on the internet.

If it turns out you're right, we could sell dealerships now, which sounds crazy.

I'm going to bundle them all together and sell them to this investment bank.

And then the next question, obviously, is who are they selling ads to?

And the reason why they're the sell side is because they're always selling you stuff.

He's in charge of the sales department.

And so there is an increase in people having to have their fillings replaced.

If you think about it, we didn't talk about how much to charge.

This is Henrik Pontén from the Anti Piracy Bureau.

I was calling about a select opportunity on Secretariat.