Hacker News new | ask | show | jobs
by pama 171 days ago
The financial markets are only near-zero sum at the level of large finanical institutions. For everyone else there is a cost per transaction (either a direct fee or your info gets shared with a favored sharkpool first). Limit orders give away information and market orders pay the spread between buy and sell. Not exactly zero sum at a technical level, but definitely much closer to it than casinos.
1 comments

Financial markets are positive-sum if you measure utility rather than cash. The person you were responding to is just generating garbage.
Agreed on utility