<p>There's also the other side of this argument, which is,--if the other people made so much money already, why aren't they smart enough to know how to invest it? Why pay someone who hasn't made a fortune to advise those who have made one?</p>
<p>Warren Buffet often ridicules Wall Street in this exact way. I believe one of his famous lines is "Wall Street is the only place I know where people go in their Rolls Royces to get advice from those who take the subway".</p>