Sunday, April 25, 2010

Full Disclosure: Most Risks Hide in Plain Sight

Receiving information and using it wisely are two entirely different things. Regulators, rightly, focus on ensuring that disclosure is provided. But investors struggle with using it wisely. As the Nobel Prize-winning economist Herbert Simon warned: "Information consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention."

Continue reading Jason Zweig's latest in the WSJ