tag:blogger.com,1999:blog-5148972.post3100327999765074477..comments2023-09-15T09:56:16.253-03:00Comments on Composing: The Subsidy Of Limited LiabilityComposinghttp://www.blogger.com/profile/01739889615635395138noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5148972.post-43957810485924157992012-02-27T03:17:03.291-03:002012-02-27T03:17:03.291-03:00Vinay Gupta is asking fundamental questions.
The...Vinay Gupta is asking fundamental questions. <br /><br />The trouble with questions about stock markets is the informed answer too often is: "It's anyone's guess." So nobody seems really sure how much of the market is high frequency trading. But everyone seems to agree that a lot is. And yet news of stocks is never reported that way. The pretense is that stock holders are owners. What does it mean to own a stock for 11 seconds or 20 seconds? <br /><br />Clearly there's a subsidy, but I'm not holding my breathe that might soon change. But asking the question itself rocks the boat of conventional wisdom about ownership.John Powershttps://www.blogger.com/profile/17126222842766191343noreply@blogger.com