Corporate law in a nutshell

I usually probe K for details about his day. Today he turned the tables on me.

K: "How was your day? Tell me EVERYTHING you did today."
Me: "Everything?"
K: "Everything!"
Me: "Well, I did a lot of work --"
K: "What kind of work?"
Me: "I read a lot and learned things."
K: "Like what?"
Me: "I learned about... uh, securities filings."
K: "What's that?"
Me: "Well, some people have a business. A business means they sell things and get money. Sometimes when they get money, they have to tell a bunch of people called the SEC. But it's hard to talk to the SEC and my job is to help with that."
K: "What does SEC mean?"
Me: "The Securities Exchange Commission."
K: "The Sec--"
Me: "So, did you do macaroni art today?"