Re:Real money, invested with algorithms
by justincormack on Wednesday February 26, 2014 @06:33AM
(#7304235)
No, whether people finance with equity capital has no bearing on whether markets are fair or efficient.
People finance with VC money when there is not even usually a market.
People who want capital have little choice, they have to pay the ridiculous fees and have it traded in the existing market. But they don;t really care about the non competitive cartel of investment banks anyway, as running a public company means you can pay your self almost unlimited amounts of the shareholders money anyway. Whats not to like? Who cares if the market is efficient?
People finance with VC money when there is not even usually a market.
People who want capital have little choice, they have to pay the ridiculous fees and have it traded in the existing market. But they don;t really care about the non competitive cartel of investment banks anyway, as running a public company means you can pay your self almost unlimited amounts of the shareholders money anyway. Whats not to like? Who cares if the market is efficient?