3 ms·

What is ethically objectionable about rich people gambling against other rich people, and some of them winning? It's not like these funds stole money directly f

What is ethically objectionable about rich people gambling against other rich people, and some of them winning? It's not like these funds stole money directly from normal people.

mruts 8y ago
In fact the money probably benefited some normal people. Tons of university endowments, sovereign wealth funds, and pension funds invest in hedge funds.
- ben_w 8y ago
  Given where the money they won comes from, surely an equal value (plus overhead) was lost by similar organisations?