3 ms·
He isn't disputing the fact that it has net-positive value creation. He's just saying that it's a tiny lever in terms of impact. You'll immeasurably increase ma
by jey 16y ago
He isn't disputing the fact that it has net-positive value creation. He's just saying that it's a tiny lever in terms of impact. You'll immeasurably increase market efficiency, but you'll still get a lot of money because finance is an area with a very high money-to-value ratio.