Barry Ritholtz

You, your employer and your plan's investment managers fail to follow even the most basic rules of investing. You overtrade, chase performance, do not think long term. All of you - All Of You - have done a horrible job managing your retirement plans.

There is this absurd assumption that the revitalisation of the public sphere is always a good thing. I think people tend to confuse 'civic' and 'civil,' and they believe that everything that is done by citizens is necessarily a good thing because you build a network, an association.