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Agreed. Matt Levine is one of the few commentators that fully understands market microstructure. The Bloomberg View linked in a different comment (by John Arnol
by elecengin 11y ago
Agreed. Matt Levine is one of the few commentators that fully understands market microstructure. The Bloomberg View linked in a different comment (by John Arnold) is horrible with terminology, though.
- philipov 11y agoDoesn't the fact that he understands, and intentionally uses pejorative language make him dishonest?
- evanpw 11y ago"Scare quotes ... may be used to imply that a particular expression is not necessarily how the author would have worded a concept." https://en.wikipedia.org/wiki/Scare_quotes https://en.wikipedia.org/wiki/Scare_quotes
- aaronchall 11y agoScare quotes are also bad composition. Since the author is the author, the author should word concepts correctly and take full responsibility for word choice.
- philipov 11y agoNot only that, scare quotes are often used precisely to misrepresent an idea and then avoid responsibility for it, which seems like a pretty dishonest rhetorical strategy to me. He's technically "not lying," but many people won't notice the footnote nor appreciate the difference. All they will hear is "front-running == should be illegal"