To: ild who wrote (54807 ) 2/27/2006 2:31:12 PM From: Wyätt Gwyön Respond to yeah, he offers proposals. i always skip those parts of books since they are just fictional fantasies -g-. people who are rich, powerful, and have tons of credibility like Buffett and Bogle cannot change the system; they can only complain. eventually, what i think will happen over the next couple decades is people will have really bad returns from US large caps and begin to realize these companies are Ponzi schemes. at that point, the stocks should sell off hard and perhaps the system will change. or, more likely, America will just be left by the wayside and do poorly all century. in any case, there is no way in hell that the SPX can do a repeat of last century's 7% real geometric return given today's nosebleed valuations and Ponziesque returns to insiders.
