Cosmic Censorship: A Current Perspective
  End state of gravitational collapse and the related cosmic censorship conjecture continue to be amongst the most important open problems in gravitation physics today. My purpose here is to bring out several aspects related to gravitational collapse and censorship, which may help towards a better understanding of the issues involved. Possible physical constraints on gravitational collapse scenarios are considered. It is concluded that the best hope for censorship lies in analyzing the genericity and stability properties of the currently known classes of collapse models which lead to the formation of naked singularities, rather than black holes, as the final state of collapse and which develop from a regular initial data. 
Pankaj S. Joshi