Currently, wefindvaluesmosteasilyobtained through the open-marketpurchaseof fractional positions incompanieswithexcellentbusinessfranchisesandcompetent, honestmanagements.
Buyers of securities on the openmarket can't claim a theft loss "even if the marketvalues of the securities were inflated by insiders' fraud, " it flatly asserts.
It would help if the banks can price assets that are generating income at their holding values, which is a lot higher than the price buyers in the openmarket would currently be willing to pay.