If there are dominant teams, people enjoy discussing whether that's good or bad for the game, and if there aren't any dominant teams, then people enjoy discussing that.
If people don't like my style, then I can't do anything about that. I have been like that since I first entered into the game and it hasn't done me bad in the past, so I am not going to change now.
The commission of the investment sins listed above is not limited to 'the little guy.' Huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades. A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn, recommend high-fee managers. And that is a fool's game.
The fools standpoint is that all social institutions are games. He sees the whole world as game playing. That's why, when people take their games seriously and take on stern and pious expressions, the fool gets the giggles because he knows that it is all a game.
The objective of a referee is not to get mentioned. I tell a lot of young referees that not being mentioned is king. If you can achieve that, that then it has been a pretty good game.
The rule of the game was never assume that anybody, however honorable, would be able to stand up under torture. If Mr. X, who knew where I was, was caught for some reason, I should move.