Ten reasons investors would rather stay ignorant: "Most of us just don't care to learn
Please face facts, folks: The vast majority of America's investors fit in one of these 10 categories. And legislation certainly won't change things.
I suppose I could be more tactful and politically correct and say Americans are 'teachable' and 'potentially literate,' but that would be pie-in-the-sky wishful-thinking.
It won't happen. It's not that people can't be taught ... it's that they don't want to be taught. Consequently, the vast majority will fall outside the radar of any well-meaning effort to reach them with an 'investor literacy' program. So why waste more of the taxpayers' good money?"