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> This is especially obvious in the stock market. If I think a stock is a sell at $X and you think it's a buy, we trade, but clearly one person knows (or thinks
by Peaker 13y ago
> This is especially obvious in the stock market. If I think a stock is a sell at $X and you think it's a buy, we trade, but clearly one person knows (or thinks they know) something that the other doesn't
Or maybe they just need the liquidity for some purchase they need to make?
- javert 13y agoSure, but that's beside the point. That just means they have knowledge you don't have about an even better investment. Or, they actually need to spend the money (e.g. buy groceries) and they still want to do the trade and appreciate the liquidity, no matter what knowledge you have.