You don't need an edge over the smartest people in the world to beat the market. Some opportunities are too small for big players. Some are too risky (if you ma

You don't need an edge over the smartest people in the world to beat the market. Some opportunities are too small for big players. Some are too risky (if you manage a safe rich/old people fund your goals are different than someone who wants to maximize the EV). Yet there are opportunities which a lot of people miss because of the bubble they are in (some obvious ones from recent years are AMD and Cloudflare). One way or another why not let people invest in what they believe in. Banning people from purchasing or selling equity in a business sounds extreme.