[ExI] Efficiency of algorithmic trading
rafal.smigrodzki at gmail.com
Fri Apr 29 09:23:29 UTC 2011
On Fri, Apr 29, 2011 at 5:05 AM, Eugen Leitl <eugen at leitl.org> wrote:
> On Fri, Apr 29, 2011 at 02:29:46AM -0400, Rafal Smigrodzki wrote:
>> All this looks to me like a knee-jerk reaction to other people making
> Allright, it took me reading five books to arrive at my particular
> knee-jerk reaction.
### Written specifically to cater to knee-jerk reactions.
>> oodles of money in a way one does not understand - just like the
> It's worse -- they do it it in the way they themselves do not
### Why should they?
>> demonstrably stupid yet depressingly common denigration of
>> short-sellers and speculators.
> Destroying retirement funds, making money off clueless small
> "investors" and bringing the system crashing down are defintely
> great value creators. I think the denigration these people deserve
> is doing jail time.
### Aww, c'mon, you are using this argumentation against
short-sellers? There is large body of research showing that
short-selling and speculation reduce price variability, smooth out
supply shocks and lead to more efficient allocation of resources
(references available on demand). "Clueless small investors", lol.
Seriously, railing against short-sellers is for me a bad diagnostic
factor, somehow didn't expect it from you.
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