Your question seems to have been truncated. I don't know whether the dialogues have been lifted from elsewhere, but they are full of references to recent events which caused inexperienced investors to get caned in the financial markets - the first was about losing money in a bear market, the second was an oblique reference to the outrageous way some firms talked up new issues during the bubble years then let nobody buy them - instead giving all the allocation to 'favoured' clients.