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Joined 3 years ago
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Cake day: July 4th, 2023

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  • Short sellers are an important part of the equity ecosystem as it provides downward pressure in price discovery. Lucky gamblers have made, and are making, far more than that with long positions in equity and options.

    It’s difficult to say that we don’t need markets at all (e.g. would you plant cotton with no idea what it will sell for at harvest?). It then becomes a slippery slope of abuse and wealth concentration.

    If anything this all feels like a failure of regulation and the SEC not going far enough







  • Yeah, it’s invasive and predatory and sucks and I hate it. But I also don’t understand it. Someone out there is paying for my data (demographics, purchase and browsing history, psychological profile maybe?) how are they making back their money on that purchase?

    Seems like either

    • a) the marginal difference in wealth extraction for the whole population is worth more than the data costs,
    • b) it isn’t and these purchasers are net losing money, or
    • c) there’s some nefarious propaganda goal where the motive is more control than profit

    I wish they’d leave me alone*

    *Except for steam