I agree Von. Good examples should be set at the top of any industry. When there is rot at the top, can't expect the peons below to act any better than the examples they are given. Another problem it causes is it makes markets tend to be much more short term focused and speculative, rather than long term with sustainability and long term value. From my reading of history, speculative manias are a common theme of empires that are peaking or starting to decline. Fewer and fewer people look for the long term as uncertainty makes those visions cloudy and uncertain. The market takes on more of a trading atmosphere rather than an investing atmosphere. That would seem to describe today's markets. Ben Grahm's are hard to come by these days. John | 
Martin Armstrong - A History of Ranting, Wild Predictions, and of Course, Fraud
