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by globular-toast 102 days ago
It's true but it's just revealing what Wall Street et al have been up to for the past several decades. There's this perception that they're all doing Very Important Work(tm), when in fact they're just making up silly rules and playing games with each other, aka gambling.
1 comments

Wall Street is doing price discovery which benefits index investors. They're also lending (e.g. private credit) which benefits economic activity.

Robin Hood options trading is just lighting money on fire under the guise of "investing", which insidiously somehow seems more responsible than gambling on roulette.