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A comment on The SEC Just Voted To Lift The Ban On General Solicitation. Parent comment

Re:The SEC Just Voted To Lift The Ban On General Solicitation by clavalle on Wednesday July 10, 2013 @05:02PM (#6022803)
I think things are fundamentally different now than in the early 30's. Not pie in the sky 'well people are more sophisticated now' different.

There are a ton of tools that people can use to gather information on a potential investment and the people involved.

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Re:The SEC Just Voted To Lift The Ban On General Solicitation by mortehu on Thursday July 11, 2013 @12:24AM (#6024452)
While it's easier to be smart about investing, it's also very easy to not be smart. I'm pretty sure most retail investors invest with zero or negative[1] information advantage, but don't lose a lot of money because the median expected value of investment opportunities open to the public is positive.

1. Due to cognitive biases.

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