I Fancied Myself As Some Kind Of

Market Prices Are Always Wrong.

Outperforming The Market With Low Volatility On A Consistent Basis Is An Impossibility. I Outperformed The Market For 30-odd Years, But Not With Low Volatility.

You Could Adjust The Punishment To Fit The Infraction. Even A Small Fine Would Be Enough To Bring An Errant Government To Heel.

I Contend That Financial Markets Never Reflect The Underlying Reality Accurately; They Always Distort It In Some Way Or Another And The Distortions Find Expression In Market Prices. Those Distortions Can, Occasionally, Find Ways To Affect The Fundamentals That Market Prices Are Supposed To Reflect.

Law Has Become A Business. Health Care Has Become A Business. Unfortunately, Politics Has Also Become A Business. That Really Undermines Society.