... most financial disclosures are written not to inform readers but to protect the provider of the information. That's because most issuers of equities, debt and other investment instruments are deeply afraid that if they wrote plainly, someone might actually understand what was at stake. Imagine what would happen if a stock prospectus said: "You could lose your shirt if you buy this."
Saturday, April 02, 2011
Spit it out ...
... Former SEC Chairman Arthur Levitt: Plain English, Please | Word Craft - WSJ.com. (Hat tip, Dave Lull.)
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