Първоначално изпратено от iri6
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The wealth effect (global effect) for the retailer is meaningles, so who cares that some banksters and high net worth get screwed by HFT.
The biggest issues nowdays are in the high (shadow) convexity of the market causing several standard deviations move. I highly recommend you to get familiar what is convexity and how this shape investments and risk decision taking. I do not like Taleb and his bla bla style but his fund was spot on betting on that. Second biggest issue is liquidity: that is the reason the smart money is fucking some ETFs as they know if the convxity kicks in they will evaporate like a drop in the dessert.
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