There was a big acceleration around 1980, when companies began using stock options to fund corporate compensation. We moved to a system of compensation that was based on stock prices rather than on intrinsic values. Suddenly, you are paying executives [not to run a company well but] to raise the price of their stock – and that’s a bad innovation. The bull market of the 1980s didn’t help things, because it made it all seem so easy, and you had a lot of new mutual funds taking higher fees. If you have a 17% return, who cares if you are paying 2% fees? People just didn’t worry about costs, which is a bad thing.