A good op-ed from Paul B. Farrell at Marketwatch.com. He explains that despite how different things seem in the markets, despite the technologies utilized and new strategies employed, it is never “different this time.” And we ignore this reality at our peril. But ignore many do. They’ve “sequestered their brains” says Farrell.
I think this is a great idea, and if anyone put such an index together I would use it when investing to be sure. I think many other people would too. Looks like a business opportunity for someone to me.
“I hereby propose an CMI — that is, a “Cronyism Mitigation Index.” (There could also be an associated fund.) Dimensions of the CMI could include annual metrics on a number of dimensions, such as: