Hacker News new | ask | show | jobs
by unknownfuture 2 days ago
> There's an entire profession doing that: traders.

Well no, there's an entire profession trying to time the market. The data is not favourable as to their ability to actually do it at a rate greater than random chance.

But.

I also don't think it's reasonable to label as a conspiracy a claim that markets are rife with cheating, insider trading, etc. Just look at the current US Presidents profit margins.

Is that systematic, organized, conspiratorial, rich v poor market rigging? No. But it would be naive, I think, to believe that the rich aren't significantly advantaged in the market in ways that the average person isn't. There is, after all, a reason payment for order flow exists as a valuable thing.