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Is money being made? Seems to me that all trading does is just redistribute existing money, and no wealth is created. What a waste to have all these computatio
by perilunar 9y ago
Is money being made? Seems to me that all trading does is just redistribute existing money, and no wealth is created.
What a waste to have all these computational resources engaging in a continual 'series of countermeasure/measure battles' instead of calculating something useful.
- TheAdamAndChe 9y agoIt may seem pointless, but trading like this is actually incredibly useful. It (mostly) removes emotion from the equation, thus lowering the chances of market shocks and decreasing volatility.
- aianus 9y agoTrading results in price discovery. Accurate prices allow more informed investment decisions and the development of more real wealth. The alternative is something like a centrally planned economy which have generally been unsuccessful.