4 ms·
whose money do you think is in those hedge funds? it's all a question of what game you want to play. the players are always the same. it's capitalism after all.
by x5n1 11y ago
whose money do you think is in those hedge funds? it's all a question of what game you want to play. the players are always the same. it's capitalism after all.
- tptacek 11y agoWhose money do I think is in those hedge funds? I don't know, a whole bunch of millionaires? If the direction you're heading is "modern trading is scalping profits from pension funds and mom-and-pop mutual fund retirement plans", you'd probably want to be prepared to refute Vanguard's chief investment officer, who says HFT has in general improved outcomes for one of the world's largest and most trustworthy fund managers.
- mrchicity 11y agoThey may scalp profits from hedge funds that trade actively, but guess what, they're playing the same game: trying to trade at attractive prices. With two pros competing with one another, why does one side deserve sympathy? I don't see Burger King whining to the press when McDonalds outearns them. For the average passive indexer who buys some ETFs or mutual funds every quarter it's meaningless at worst, and probably a net benefit since these products have tighter prices now.
- tptacek 11y agoI think we're saying the same thing.