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by joe_the_user 1965 days ago
A stock market is a high stakes gambling system. The smart and the powerful win. You'll never limit winners to just the smart. If you someone did for a period of time, those smart people would become powerful and decide to limit other smart people.

But so what if you did allow just smart people win? Most people aren't that smart and you'd wind-up with a fleecing. So making this game fair isn't particularly in the average not-genius-with-nerves-of-steel person's interests. It's more in the average person's interests to have an index-traded-funds go up a reliable amount each year.

Fleecing Reddit geeks isn't fleecing everyone in America.

Edit: My point is - sure it might be against the rules but this affair is between smart speculators and big speculators. Saying it's crime against everyone is ridiculous.

1 comments

I disagree with you.

"It's more in the average person's interests to have an index-traded-funds go up a reliable amount each year."

You are saying that people are too dumb to decide what to do with their own money, and that's not your call.

The reason this is a crime against everyone is because there's allegedly a "free market", but moments like this show that the emperor has no clothes and that in fact that's not the case.