I think that Sherry Jarrell believes that if one has not listened to her stale lectures, one can not be considered a sophisticated investor.
What if some bozo, that just fell off the turnip truck, like me, saw potential value in distressed properties(stocks). And what if those investments in the distressed properties made me an obscene profit. Who is unsophisticated?
And then she tops her remarks off with this gem:
"If someone wants to go on that haunted trail, let them. It's not like they're taking advantage of people on the other side of the trade."