3 ms·
“And to the detriment of others”
by throwoutway 5y ago
“And to the detriment of others”
- jimmyvalmer 5y agoGiven the zero-sum nature of secondary markets, that's tautological and rather uncharitable to the trading profession. Arbitrageurs do serve a real, and given their compensation, quite valuable function of accelerating price convergence to a theoretical optimum.