Is management candid with the shareholders?
Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay.
Beware of geeks bearing formulas.
Stocks are the only thing that people are happy to buy when the price goes up.
If principles can become dated, they're not principles.
The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.