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I think the most important part is this quote: >“What we found is that it’s a gain for large sophisticated investors who can afford the substantial costs of ac
by Kapura 7y ago
I think the most important part is this quote:
>“What we found is that it’s a gain for large sophisticated investors who can afford the substantial costs of acquiring and processing big alternative data”
This is yet another example of wealth accumulating, of rich actors getting richer faster than poor ones. Without some controls on the behaviours that allow wealth to accumulate, it will further concentrate among the wealthy. I would argue that is a bad outcome.
- airstrike 7y agoJust invest in a Vanguard fund and you'll be fine. You don't need to start your own fund, just like you don't need to be your own doctor.
- noir_lord 7y agoShrugs. Any game where you get more of an advantage the more points you accumulate from a fixed pool of points is going to rapidly result in an unequal share of the points going to the first person to acquire the advantage. Monopoly was created as a game to warn of the pitfalls of capitalism (it's a simplified form of the winner takes if not all a disproportionate share scenario that is life)[1] http://www.bbc.com/capital/story/20170728-monopoly-was-invented-to-demonstrate-the-evils-of-capitalism http://www.bbc.com/capital/story/20170728-monopoly-was-inven... [1] Of course that I think this puts me at odds with many people, I like capitalism, I like the social pluses of it but I believe that capitalism should be sub-ordinate to society directly (more what you see in the north of europe) and less the other way around (pretty much most other places and arguably the US).