Hacker News new | ask | show | jobs
by protoax 1618 days ago
Trading is gambling for almost everyone. The remaining actors benefit from additional information that is either entirely cost inhibitive or illegal.
1 comments

Believing this is the biggest trick the finance industry ever pulled. Many people are capable of consistently making money, poker is gambling but some people always win over long enough variance
This is just nonsensical. Are you familiar with the famous bet made by Buffett that a basket of hedge funds would be outperformed by the market over 10 years? He was right, they were outperformed, so how does it follow that a basket of hedge funds with massive budgets cannot consistently make money trading - but the average person somehow can? Are they intentionally handicapping themselves to "trick" everyone?
This is a brainwashed opinion. I have worked in finance. Comparing investing billions to investing one million is nonsensical