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The argument for HFC is always "more liquidity is for the greater good." I think the best way to stop the timing arms race is through tax structures that encou
by creeble 6y ago
The argument for HFC is always "more liquidity is for the greater good."
I think the best way to stop the timing arms race is through tax structures that encourage longer-term investing, and penalize extreme short-term investing.
But you're up against people making lots of money in the arms race.
- harryh 6y agoThe amount of money being made in the arms race has gone down hugely over time due to computerization. Spreads are 1/10th of what they used to be (or smaller in many cases). There's really no need to fight this fight with taxes. The war has already been won.