But long term investors don't care about the "clip" that HFTs take, they care about the 80% rise in price over the next 5 years. Rebalancing portfolios again is

But long term investors don't care about the "clip" that HFTs take, they care about the 80% rise in price over the next 5 years. Rebalancing portfolios again isn't something where getting a few basis points off the HFT best execution price is an issue. I work for a proper long term investor, and we trade over a period of days for the big trades. HFTs aren't even an issue apart from their occasional spectacular blowups that cause "could this happen to us?" memos from upstairs. Long term investors don't need to evolve from HFTs, they're more than happy making money not involving computers or trying to compete with them.