4 ms·
This is really insightful, and applies to a lot of things. Basically we create markets that enable (sometimes force) transactions in which one side has high am
by mattgreenrocks 4y ago
This is really insightful, and applies to a lot of things.
Basically we create markets that enable (sometimes force) transactions in which one side has high amounts of leverage, and allow that leverage to increase over time. We don't view this high leverage as a problem. And, instead of fixing the issue of ever-increasing leverage, we instead exhort people to get to a position where they can be exerting it.
It's no wonder many feel like the game is rigged against them.
- e12e 4y ago> It's no wonder many feel like the game is rigged against them. Unfortunate phrasing? If the system is really rigged, then you don't just feel it is rigged. You discover, understand, realize - know it is rigged against you?