Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

60 Minutes

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Michael Lewis’s Flash Boys Is a Waste of Time for Value Investors

The stock market is rigged against speculators, those who think that they can make a fast buck by quickly buying and stocks. The market was rigged against speculators back in the 1920s when peddlers were selling stocks on the curbsides of New York City, and it’ll be rigged against speculators a century from now when artificial intelligences are trading stocks on the moon.

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