The Editor 

Watching the watchmen

John Hughman

Watching the watchmen

When things go wrong in investing, there is always much recrimination and finger pointing. Yet analysis through the rear-view mirror is always much easier than trying, in real time, to make sense of countless moving parts to try to divine what’s going to happen in the future. Sometimes, though, recriminations are a necessary part of the investment process, especially where the blame lies with an entity whose role it is to keep the rest of us safe, a job that falls squarely on the shoulders of regulators and auditors. And several recent cases suggest that they are not keeping us as safe as they should. 

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