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One day the market itself will reach this conclusion, that one auction-trade a day is all it's needed.
by epx 3y ago
One day the market itself will reach this conclusion, that one auction-trade a day is all it's needed.
- DwnVoteHoneyPot 3y agoNo. Trades happen because people disagree with the value of the company. One person thinks the value is higher, other thinks it's lower. They are arguing and they're willing to put money behind their opinion. Faster the argument, the faster the price discovery is. An analogy would be operating Hacker News by publishing all the opinions once a day like a print newspaper. The back and forth arguments would take weeks... you post, some responds the next day, you respond the third day. Not good.
- rytis 3y ago> The back and forth arguments would take weeks... you post, some responds the next day, you respond the third day. Not good. Is it really not good?.. Now just thinking about what you said reminded me good old FidoNET days. You’d get mail once a day (typically), read/respond and that’s it, done for the day, on to do some work. Procrastination problem solved :)
- Animats 3y agoDoesn't help. Then you have auction sniping, like eBay. If the auction is sealed bid, then price discovery is terrible.