"There isn't a wife in the world who has not taken the exact measure of her husband, weighed him and settled him in her own mind, and knows him as well as if she had ordered him after designs and specifications of her own."

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There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk.

— John Redwood