What Investors Should Do

If investors are buying into a business they understand,at a reasonable price,they should be buying now,suggested Warren Buffett,whom many have adopted as their guiding star.All the newspaper headlines in the world don't change that.They ought to look to the business as to whether to be confident or not-the kind of business they bought and what they paid for it.I wouldn't put my trust in a single individual such as Bernard Madoff.I would put my trust in a very good business,the friend of sports stars Alex Rodriguez and LeBron James advised.

SEC Criticized For Failures

The Securities and Exchange Commission has been criticized for not doing anything to prevent the financial crisis from developing,or seriously looking into the Ponzi scheme of Bernard Madoff that has ruined several investors.Ms.Schapiro says that, clearly,our regulatory system failed to compensate for the failures of market discipline.It failed to appreciate the interdependencies of financial institutions and the risks they shared.It did not allow regulators to stay ahead of this crisis and prevent it from ever occurring.Mary L. Schapiro is 53.Most observers have expressed confidence in her ability to head the SEC,which will be reformed over the next few years in consequence of its recent failures.