Caveat emptor is a Latin term that means "let the buyer beware." Similar to the phrase "sold as is," this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects. After 35 years of investing experience I've seen lots of changes. From my early days with PaineWebber where I weathered the October 1987 stock market crash to the transition to online trading and rapidly declining transaction costs. These declining fees and changes in