It's like saying that anyone losing something in free market had only himself to blame and there should be zero regulation of markets of any kind. Yeah, that works out perfectly in the long run. /s
This is doubly a strawman. "Don't invest in things you don't understand" is pretty much rule 1 of investing, which is quite different from the general case of participating in a market. Anyway, GP already said they agree that regulation is needed.
