[izendejas]

Markets don't have all the information. You didn't disprove that.* My point is that someone needs to help with making "all available info" (whatever that means) possible in the first place. It's not always efficient for markets to do that themselves, at least upfront.

*For markets to have all information upfront, it means we know exactly how the universe works and we can predict that an 8.8 earthquake is going to strike Chile on February... etc. Because of this, markets are greatly reactionary and my point above is also that markets don't always react rationally. I'm not arguing that they are not the most efficient system we have under most industries, also--to be clear.