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Am I the only one who sees this entire story as decidedly "un-hackerly?" On one hand, OP chides commenters for describing trades as "coin flips" (this is appar
by jMyles 12y ago
Am I the only one who sees this entire story as decidedly "un-hackerly?"
On one hand, OP chides commenters for describing trades as "coin flips" (this is apparently some sort of composite as he quotes no individual commenter in saying this). Then expresses the following transparent cognitive dissonance:
> Trades are not binary outcomes like coinflips. If you think someone with a consistent 70% win rate...
Well, if trades are not binary, what is a "win rate?"
OP makes no mention of the 'hack' here - namely, the underlying systemic outcome of this conduct. Are the companies whose stock is at issue ethically sound? Are they promoting open source and free thought? If they aren't, and if their value is the metric, how can any gains be regarded as a "win?"
Perhaps in a self-enriching sense, but self-enrichment isn't per se a 'hack.'