[ExI] Efficiency of algorithmic trading

[Eugen Leitl]

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. 

> 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
understand. 

> 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.