2 ms·
I think the average Joe does not understand fully how financial markets create value through price discovery and risk transfer. These two elements allow society
by qeternity 9y ago
I think the average Joe does not understand fully how financial markets create value through price discovery and risk transfer. These two elements allow society to more efficiently allocate resources and engage in activity, which can (and I would argue does) create tremendous value. There is also plenty of trading that is malicious or rent seeking and provides little value to society.