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If you're a singer you lose your voice. A baseball player loses his arm. A writer gets more knowledge, and if he's good, the older he gets, the better he writes. ↗
Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. ↗
Shareholders have the right and obligation to set the parameters of corporate behavior within which management pursues profit. ↗
