One of my college roommates is an algorithmic high frequency trader. It always reminded me slightly of a legal version of the Superman 3/Office Space scam. Basically trade so fast whenever your algorithm sees the line go up the right way that you harvest tiny amounts all day before the humans actually making financially relevant decisions make the market move in larger chunks for actual economic reasons.

It’s taking money while providing literally zero value to anyone else, even your fellow finance bros.

Given GDP is a fake number that increases every time money is moved eg if you and a friend hand a $1 bill back and forwards a billion times you technically just increased the GDP by $1 billion dollars. I would say he definitely increases the GDP, but the accuracy of pricing is, well relative to say the least, if we didn’t have high speed traders we couldn’t be that “accurate” so if this is true it’s still unnecessary since the average man can’t spend money at the speed of light through a distance optimized path. As far as reducing the price of anything, uh no, no that would be a stretch of even the most generous of readings.

Before reading the caption, I thought this was a Brian Thompson comic. I thought Brian here was explaining why United Healthcare stock price increases are good for society.

From the position of privilege equality looks like loss