Conservatism must be based on allowing everyone to become an owner - equity for everyman.
Equities are boring; bonds are disgusting.
I was five or six when I joined SAG, and Equity I joined when I was nine.
Equity sends questions to Law. Law sends questions back to equity; Law finds it can't do this, equity finds it can't do that; neither can do anything, without this solicitor instructing and this counsel appearing for A, and that solicitor instructing & that counsel appearing for B.
I don't see much evidence of an equity bubble.
I am probably the biggest equity investor in the history of modern Russia.