Most people don't understand things they invest in/buy.
Most people buying stocks don't understand the company as well as someone who works in the sector.
Most casual art appreciators don't know how to tell if a painting they're buying is a forgery.
Most people buying a house don't know how to assess the foundation, and even if they get a professional assessment, they don't have the same knowledge of the housing market as professionals. Maybe that neighbourhood is slated for rezoning in 5 years that would devalue the property.
Heck, even people buying gold/diamonds get ripped off on fakes/synthetics.
Outside of investments, most people here have probably bought a car. Do people who buy a car deserve to get ripped off if they don't understand how every component works well enough to inspect it themselves?
If every transaction required perfect understanding by both parties, there would be no markets. We have regulations to reduce the amount of understanding needed to participate in markets without getting fleeced, which makes the markets function.
Most people buying stocks don't understand the company as well as someone who works in the sector.
Most casual art appreciators don't know how to tell if a painting they're buying is a forgery.
Most people buying a house don't know how to assess the foundation, and even if they get a professional assessment, they don't have the same knowledge of the housing market as professionals. Maybe that neighbourhood is slated for rezoning in 5 years that would devalue the property.
Heck, even people buying gold/diamonds get ripped off on fakes/synthetics.
Outside of investments, most people here have probably bought a car. Do people who buy a car deserve to get ripped off if they don't understand how every component works well enough to inspect it themselves?