Re:Hedge Fund Math: Heads We Win, Tails You Lose
by gozur88 on Saturday December 24, 2016 @03:26AM
(#13249092)
How is this a harm to the market? There's nothing inherently bad about volatility.
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Re:Hedge Fund Math: Heads We Win, Tails You Lose
by ajross on Sunday December 25, 2016 @03:30PM
(#13255311)
Yes there is. Volatility is an inefficiency, by definition. Efficient markets seek to the correct market price and stay there. A "volatile" market is one where parasites (c.f. hedge fund maniacs) siphon off capital due to games like this.