SA Prime Minister BJ Vorster was both admired and scorned when he tried to use the Supertramp line "Crisis, what crisis?" in trying to downplay one of many wrinkles in the end of the previous SA regime's tapestry. It turned out that he was bluffing, and eventually got caught out.
It is strange how many people, often people who are bright and also apparently well-informed, need to "hit the wall" before they start looking for the writing thereon.
As we lurch from GFC (global financial crisis of 2008/9) to CFGC (current final? Greek crisis), one must wonder how much airtime and headspace these dramas would have got - if the Banking and Financial Engineering and Services sectors had not become so big - such large employers and such substantial media advertisers. What is their add-up now - around 25-40% of market cap on most "developed" equity exchanges? What should it be?
When will people be willing to value entities on the basis of:-
Fair Value Today = NAV + Present Value of [value to be added during entity's life].
Try that equation on anything whose price action intrigues you - it may be a little direct for many experts to get their skilled heads around, but give it a go.