Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [...] The public owners seem to have abdicated all claim to control over the paid superintendents of their property
If we choose a weak and foolish speculation as a primary textbook illustration (falsely assuming that the tale possesses a weight of history and a sanction of evidence), then we are in for trouble - as critics properly nail the particular weakness, and then assume that the whole theory must be in danger if supporters choose such a fatuous case as a primary illustration.stephen jay gould
Have you wondered why all the windows in heaven were broken? Have you seen the homeless in the grave of God's hand? Do you want to acquaint the larks with the fatuous music of war?"The Character of Love Seen as a Search for the Lost"
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