Any obligation to a broker should be taken as seriously by an investor as an obligation to a bank or other lender. Failure to meet obligations to a broker may result in legal action against the customer and will almost certainly cause the broker to report the default to a data center. If you can’t pay for a securities transaction, whether your order is placed in a cash or margin account, you should not place that order. Individuals should participate in the securities markets only when they have the financial ability to withstand the risks and meet their obligations.
When we talk about loyalty, love and all these things, I personally do think they exist. I’ve seen vast differences in how my dog treats one person versus another person in the family. I can’t say exactly how we measure [a dog’s] love, but I can say one of the ways we can look at the relationship between a dog and a human is the reinforcement history. That could be through traditional training, it could be rewarding the dog with a cookie for sitting. But it could also be the fact that we like to cuddle at night—that’s reinforcing for both of us.