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But wouldn't this reach some sort of equilibrium point? IE if a smart person with a lot of money think there is no "smart money" left, wouldn't (s)he just star
by mox1 7y ago
But wouldn't this reach some sort of equilibrium point?
IE if a smart person with a lot of money think there is no "smart money" left, wouldn't (s)he just start their own smart money hedge fund to provide / do this?
If nobody is left to do thing X AND thing X is basically guaranteed profit, isn't it natural for people to step in and do thing X?
- pas 7y agoBut we already have that. Gold. Or CHF. The problem is that it takes roughly 10 years to outshine the stock market.