Investing, whether in real estate or day trading, is inherently based on asymmetry, leading to an extremely uneven distribution where it can appear as if the smart money just dumped the bag at the top on retail.
My concern with your perspective is that it ultimately leads to the conclusion that the only way to prevent these situations is to prohibit retail investors from participating in certain types of investing.
This kind of thinking is what has led to modern America, where individuals are unable to invest in their friend's barbershop unless they meet certain net worth requirements or have worked on Wall Street.
My concern with your perspective is that it ultimately leads to the conclusion that the only way to prevent these situations is to prohibit retail investors from participating in certain types of investing.
This kind of thinking is what has led to modern America, where individuals are unable to invest in their friend's barbershop unless they meet certain net worth requirements or have worked on Wall Street.