4 ms·
You have to ask yourself, what is the point of the market? I'd say to efficiently allocate resources, in order to do that one should be able to use any and all
by dantheman 14y ago
You have to ask yourself, what is the point of the market? I'd say to efficiently allocate resources, in order to do that one should be able to use any and all knowledge they have available to them -- it allows the market to find the appropriate price quicker. If small investors and pensions get "robbed" then they'll adapt or leave the market.
- robryan 14y agoOr use whatever advantage you can get to dump the shares in the greater fool. Having an elite crowd with an unfair advantage is going to make it hard to get future IPOs or companies issuing more stock to generate much interest in their offerings.
- nazgulnarsil 14y agoSo the market will become more conservative in cases with low transparency? Good.