Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes. ↗
The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information. ↗
And if we make the process political, if we start to make it personal, we're actually going to frustrate good public policy, in terms of managing this money. ↗