4 ms·
Do they produce/create anything? or do they simply trade finacial assets in a way such that they accumulate profit? and by "simply trade" I really mean "trade
by naringas 7y ago
Do they produce/create anything? or do they simply trade finacial assets in a way such that they accumulate profit?
and by "simply trade" I really mean "trade in an incredibly sophisticated and clever way"
- tcgv 7y agoIn an interview I watched on youtube Jim Simons says their trades provide liquidity and efficiency to financial markets, as to say they are effectively contributing to the economy, and not just earning money.