3 ms·
Trading absolutely is a game, and the “score” so to speak of this game being “price” is an extremely important piece of information to society. Price contains a
by qeternity 6y ago
Trading absolutely is a game, and the “score” so to speak of this game being “price” is an extremely important piece of information to society. Price contains all known data (according to EMH) and then is freely (or cheaply) observed by all participants. It’s not a bad thing that it’s a game, in fact most games are calculated risk, just like trading. But like other games, you need fair and consistent rules.
Source: former hedge fund trader