He wants to prohibit you from selling "too soon", here:
"[I]f you want to hire someone else to manage your money, whether a mutual fund or a private equity fund or a hedge fund, you have to lock up your money for 15 years."
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Not a word in this guy's story about, for example, soaring corporate stock buybacks, suspension of mark-to-market accounting rules, the recently increased long-term capital gains tax rate, the much higher tax penalty for earning a big paycheck than for profiting from a big stock sale, nor the existence of long and short term gains in the first place, all of which are anti-free-market.
