Investing in the Market? Sucker!

A few years ago, I took most of my money out of equities. I have a little in index funds, but that's about it. There are a number of reasons for this:
Insufficient oversight and regulation
Conflict of interest among brokers, financial advisors, and their ilk
Absurd compensation for executives (of the issuing equities), brokerages, and financial advisors
This last one just made headlines again recently with the record compensation paid to a couple of Wall St. executives. Perhaps you don't mind paying for those salaries, but I do. That is money that could be part of the return on your investments, but instead it goes to making the obscenely wealthy even more obscenely wealthy. As sled dogs, we don' t have much to say about that, but we can say something by choosing not to invest with these people and companies, which is what I've done.
The argument is often made that such compensation is what brings in the best people, but time and again that has been shown not to be the case. As the Economist noted a few years ago, compensation for most execs has nothing to do with performance. In fact, they are guaranteed massive sums whether their companies perform well or poorly. There's the carrot, where's the stick? Most people I know can get kicked to the curb with nothing if they don't do a good job, but all too often in US industries, execs are granted large sums of money just for walking in the door. In my own experience I've often seen executives hired to run companies I work for do a poor job, and yet walk away with millions. Furthermore, those execs seldom play as important a role in the company's success as the top engineers and scientists, who are compensated much more modestly.
The fees paid to brokers and financial advisors is particularly galling given that it's been shown that they simply don't outperform basic index funds with minimal fees.
What are you doing with your money?