2 ms·
I remember watching an investigative journalism piece that showed that professional traders on Wall Street can barely outperform a monkey. I think given these
by datashovel 11y ago
I remember watching an investigative journalism piece that showed that professional traders on Wall Street can barely outperform a monkey.
I think given these kinds of statistics I can't understand why there's not some public fund where average citizens can invest toward. That fund would run a lottery every year and accept 'x' # of companies depending on how much was invested the previous year. Each of those companies would (depending on current cash flow) provide a % of ownership to the fund.
Noone tells them how to use the money. No investor has authority to interfere whatsoever.
Of course I imagine there would be reporting requirements, and require certain levels of transparency into their books and such in order to create at least some hurdles to prevent people who are just out to scam the system from applying.
Maintaining the status quo just perpetuates the "rich get richer" paradigm.