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"Hedge fund managers now are no better than the managers of 10-20 years ago, the system has evolved to favor them more." Don't hedge funds now have better tech

by jiggy2011 12y ago

"Hedge fund managers now are no better than the managers of 10-20 years ago, the system has evolved to favor them more." Don't hedge funds now have better technology and bots etc that boost the productivity of each trader?

elastine 12y ago
Yes, but at the same time there are many more hedge funds canceling out the relative advantage of each trader.
- jiggy2011 12y ago
  Yes, but that makes the market as a whole more effective.
  - Ma8ee 12y ago
    In what sense "more efficient"? There is nothing that says that just because some people have become better at making money the market as a whole is working better.