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The trading industry is separate from the investing industry. The investing industry is positive sum - but you must hold for the long-run, or only make decisio
by ItsMonkk 3y ago
The trading industry is separate from the investing industry.
The investing industry is positive sum - but you must hold for the long-run, or only make decisions if new information is discovered to be an investor. Vanguard and other passive firms are a part of the investing industry.
As the GP says, the trading industry is zero-sum.
- mhluongo 3y agoNot a fan of over-financialization, but... if trading is propagating market signals to people who otherwise wouldn't have them, it should have some positive externalities?