Seriously, though, they can play these games because they're gambling with other people's money - Joe Schmoe does not have enough money to reasonably diversify his holdings in order to pull profit from noise. In a reasonably run economy, that kind of wealth concentrations would be broken up, because they are hazardous to democracy. So in a reasonably run economy, you can't run hedge funds.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
