Quote Originally Posted by Ken Nadvornick View Post
The system of private capital markets that we have today is probably the greatest impediment to the creation of sustainably profitable companies that could possibly exist. Had one started out with a goal of designing the worst possible model, one could have done no worse than sketching Wall Street across one's lunch napkin.

I don't recall ever reading anything else about this online that I agree with as much as this. Spot on.