financial sector growing. Well, market efficiency makes it really hard to outperform. I think that in the last 40 years, people have concluded that markets are much more efficient than they used to think. There's another trend that we've seen over the decades and that has been this move since I think primarily after World War II of separating management from ownership. It's been a financial innovation that's really generated a lot of wealth and it's allowed the principles of specialization to work wonders in many cases. What we've also seen in more recent years is perversions of that. I think one perfect example is tying executive compensations to stock value and then stock buybacks and trying to game your income in that way. Do you feel that the benefits of that model have run their course or that there needs to be some sort of rejiggering of that? I think this is an important topic. I learned about this when I was in college, which was a long time ago. What I was taught was that one (22/32)
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