> The market needs people that have the capital to lose consistently year after year... Not necessarily true. The sellers miss out on gain, but they don't nece

> The market needs people that have the capital to lose consistently year after year... Not necessarily true. The sellers miss out on gain, but they don't necessarily need to book a loss. Unrealized gains are not equivalent to losses. I believe what you're thinking about are derivatives (which are zero-sum, and for every unit of profit booked by one entity, there is a unit of loss booked by another entity). Equities are not zero-sum, the companies behind them produce very real value.