The stock brokerage business was one of the first industries that was fundamentally disintermediated by the Internet. In an earlier post I both wrote about the history of the stock brokerage business and about William Yeh, the Chairman of Sogo Invest. Yeh was the man who, by …

As regular readers of this blog know, I have been exploring the subject of disintermediation.  It is a dynamic force that has and will be reorganizing our culture and economy.  In an early post on the subject, I pointed out that in the late 1990s the Internet acted …