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It should be noted that Eric Jackson, the author of this article, is known for being ultra-conservative in his views. http://en.wikipedia.org/wiki/Eric_M._Jack
by thinkcomp 16y ago
It should be noted that Eric Jackson, the author of this article, is known for being ultra-conservative in his views.
http://en.wikipedia.org/wiki/Eric_M._Jackson http://en.wikipedia.org/wiki/Eric_M._Jackson
I don't think everyone would agree that it's the government's fault that there's a valuation bubble, and I personally think that Sarbanes-Oxley has nothing to do with it.
- mattmcknight 16y agoIt is important to separate the author from the ideas, regardless of whether we agree with the conclusion. The non-public market is worse for retail investors. The 31% price premium and lack of liquidity are facts. Sox has made it a much more challenging step to go public. IPOs are down. The valuation bubble is red herring- there are always overvalued shares out there. However, Sox is contributing to a larger private market in shares which is disadvantageous to the retail investor.