I wouldn't say off-base. I think we just differ on a few key assumptions, like how effective efficient markets are, how dishonest some people are, how easy it i

I wouldn't say off-base. I think we just differ on a few key assumptions, like how effective efficient markets are, how dishonest some people are, how easy it is to prove accounting manipulation and real cheating even with open books, and the subtle manipulations people could rationalize, etc. But you have interesting ideas and presented them diplomatically, and I like heretical thinking, so have some upvotes.