> The immediate effect is that money is transferred from people who are bad at predicting the future to people who are good at predicting the future. No The e

> The immediate effect is that money is transferred from people who are bad at predicting the future to people who are good at predicting the future. No The effect is transfer money from unlucky to lucky fools. Nothing in that is good for anything, not even the "lucky fools". You are lucky once, not next time. Being a fool is not shameful. But you need to know yourself and stay out of speculative markets