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If things are mispriced, the trade is going to happen. There is absolutely no way it could not. If it makes you feel better, many of the wealthiest traders do
by downerending 7y ago
If things are mispriced, the trade is going to happen. There is absolutely no way it could not.
If it makes you feel better, many of the wealthiest traders do in fact donate a lot of money to such causes.
- Intermernet 7y ago"If things are mispriced, the trade is going to happen. There is absolutely no way it could not." That's fatalistic. The only way the trade happens is if someone places the trade. If you see the trade as immoral, don't place the trade. If someone else profits from it, so be it, but at least you didn't. Please extrapolate the consequences of your trades. If it feels even slightly dodgy, it probably is, and no matter how you justify it, it was a bad thing to do.
- downerending 7y agoAs far as that goes, I don't see trades as immoral, as long as traders are following our laws and the rules of the market. I'd go so far as to say it's virtuous. Trades communicate price information, and that's good for everyone. If you're concerned about the immorality of economic choices, then you should consider the idea that you yourself are already acting in grossly immoral ways with your money. Read this to see why: https://www.nytimes.com/1999/09/05/magazine/the-singer-solution-to-world-poverty.html https://www.nytimes.com/1999/09/05/magazine/the-singer-solut...