Re:S.E.C. Gives Small Investors Access to Equity Crowdfunding
by sokoloff on Saturday October 31, 2015 @10:13AM
(#10482675)
Agree with your last 4 points, particularly the "market for lemons" aspect.
I disagree with the conclusion of your first point. If the investment is +EV, even after the massive number of "goes to $0", I think it's fine to let retail investors participate. After all, we already let them participate without any oversight or limits in the state-run lottery, which is decidedly and markedly -EV.
I disagree with the conclusion of your first point. If the investment is +EV, even after the massive number of "goes to $0", I think it's fine to let retail investors participate. After all, we already let them participate without any oversight or limits in the state-run lottery, which is decidedly and markedly -EV.