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Secondary trading enables risk transfer, which is important for allocating capital. Your first sentence is somewhat accurate, your second is not at all, specif
by mlrtime 1y ago
Secondary trading enables risk transfer, which is important for allocating capital.
Your first sentence is somewhat accurate, your second is not at all, specifically "just".
- olalonde 1y agoI didn't say stock markets don't serve a useful purpose. Regardless, my original point is simply that traders should focus on fundamental value, not try to guess what others are thinking. If they choose to play that game and get burned, that should be on them. There's no real necessity to regulate "market manipulation".