Saying risk capital worked before a liquid second market existed is like saying food distribution worked before the supermarket. I agree that Wall Street financ

Saying risk capital worked before a liquid second market existed is like saying food distribution worked before the supermarket. I agree that Wall Street financiers seem to focus too much on using secondary (and tertiary) effects to simply amass wealth, and i worry that that actually has a negative overall effect on society. But without a liquid secondary market, the primary market is significantly stymied!