you do not need to hold shares in a company in order based upon available information to assess it under certain criteria, the same way you do not need law school diploma to comment law, or security clearance to distinguish democracy from tyranny.
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You do if you want your assessment to be useful and appropriate. I cannot pretend to care about the fate of a company I have no stake in and then say my comments make sense. Just like I can give completely worthless legal opinions which amount to nothing more than "I like ice cream" and "I like the color blue" and who cares what I like?
The law cannot be interpreted easily without a legal degree which is why lawyers get paid such good money. I have an easier time making sense of medicine than I do law to be honest. I can interpret medical journals to a certain extent but law is like a totally different language to me.
When I'm discussing laws it's the equivalent of me telling the world how a certain law "tastes" to my mind. The taste of a law is so personal, so subjective, that what I think a certain law tastes like wouldn't be what another person thinks it tastes like.
To some other person the new law could be like their favorite food while to me it could be the most disgusting tasting smelling thing I've seen.
And neither of us who merely can express how the law tastes has any understanding of what the ingredients are or anything other than how it tastes to our limited sensory understanding.
The same can be said of music. A person who doesn't know much about music might think some pop song sounds good. A person who is classically trained might prefer some Jazz or something more sophisticated.
We don't ask a common person to read music notation to compare songs. We simply let them listen to it and tell us what they enjoy more. The laws are experienced by us non lawyers in the same way we experience a good or bad song. We don't know how to make a song, and most of us can't read music notation, but we know if it sounds good to our ears or not.
The "sounds good" is sentiment. Everyone has an opinion about anything (sentiment). Laws can be ranked by popularity (sentiment). This doesn't mean the people feeling or thinking a certain way about a certain law even know what the law does or what it means. We simply live through it.
So yeah, I don't need a law diploma to tell you if a law is pretty or ugly to me. Do lawyers care if I think a law is pretty or ugly? They just want me to follow the law regardless (which I do).