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lmm comments on Open Thread, November 8 - 14, 2013 - Less Wrong Discussion

1 Post author: witzvo 08 November 2013 08:13PM

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Comment author: lmm 14 November 2013 06:27:42PM 1 point [-]

Speculators are good for a market - they smooth out price fluctuations and give fundamentals traders better prices. And when they screw up the effect is usually to give money to other people, as with the flash crash. So I don't see the problem.