4 ms·
Because they are, to use a technical term, "dumb as a stump". That's why they would participate despite not having any inside knowledge.
by davidw 9mo ago
Because they are, to use a technical term, "dumb as a stump". That's why they would participate despite not having any inside knowledge.
- mothballed 9mo agoOr they are hedging their exposure to an unknown by betting in favor of an event that would be harmful/costly to them.
- tptacek 9mo agoThose people want prices to accurately track risk, which is what insiders allow.
- mothballed 9mo agoRight but they themselves are non-insiders who are rationally betting.