Finding value in malevolent markets
You will be forgiven for thinking that humanity is an outdated concept that should be replaced. But they do say, to err is human. But to completely screw up, you need a computer!
Flash crashes
The stock market was set up to allow companies to raise investment capital from investors. A simple and effective concept that works. But modern financial markets are more like a giant casino. You can still raise funds, but the aftermarket dominates the central purpose. The …