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> There is nothing at all wrong wit this, especially because it means that in the end we all get more accurately priced securities. I believe the counter argum
by isoskeles 7y ago
> There is nothing at all wrong wit this, especially because it means that in the end we all get more accurately priced securities.
I believe the counter argument is only people with enough wealth to afford an account at one of these hedge funds gains an immediate advantage here. So it's yet another way "the rich get richer."
Doesn't bother me, but I can see why other people would have a problem with it. And I severely doubt more than 5% of the planet cares about whether "in the end we all get more accurately priced securities."
- buzzdenver 7y agoThere are plenty of publicly traded hedge funds that any investor can buy into. BlackRock, Blackstone, Berkshire Hathaway..
- dcolkitt 7y ago> And I severely doubt more than 5% of the planet cares about whether "in the end we all get more accurately priced securities." Accurately priced securities are like a responsive public health system or redundancy in the electricity grid. Almost nobody cares about these things directly. Yet virtually everybody enjoys the enormous gains in material living standards that are facilitated by having these things in place.
- isoskeles 7y agoI agree, I just know they don't care and that this sort of statement is unconvincing to people who don't already believe in markets. If you haven't noticed, there are many.