On: The Supreme Case Against Sarbanes Oxley

[joshstaiger]

Company financial statements are like porn to Warren Buffet (his words).

The average investor doesn't do nearly as much research or thinking about their investments.

Meanwhile, brokers and fund companies have a vested interest in making investing seem simple, predictable, and effortless.

[gamble → joshstaiger]

Not to mention that Warrent Buffet rarely buys common stock on the open market, much less mutual funds.