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Lumifer comments on Open thread, June 27 - July 3, 2016 - Less Wrong Discussion

3 Post author: Clarity 27 June 2016 01:46AM

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Comment author: Lumifer 07 July 2016 02:26:10PM 1 point [-]

I don't think this is the issue. If you invest $10m into some market position, your "opinion" literally has one million times the impact of someone who invested $10. It's not just "people who invest" vs "people who do not invest". Even among those who invest, the more capital you apply, the more your opinion matters.

Markets are inherently capital-weighted and their opinion necessarily reflects the positions of the rich to a much greater degree.