Of course you buy a business in hopes that future results will be better than the past. Why would anyone buy a bagel store unless you think you can sell more bagels? Capitalism and optimism have always been partners in crime.
But it's a far strech to conclude that Wall Street as an industry is inherintly dishonest. Although with the price action of my CEF's these past few trading days you may be winning me over to your line of thinking.