random thought of the day
If the executives at financial firms were always compensated in a “representative basket” (or random, even better) of securities held by the firm, they would have a much stronger incentive to pay more attention to the longer-term value of those securities.
Plus they’d be a lot easier to regulate – “let me see the list of securities, and let me see the list of securities given to the members of the executive team, and let’s do some statistical analysis”