Someone very smart has said what needs to be said about the nature of finance these days.
This is the idea I’ve been working toward since 2008, but haven’t known or understood enough to put into words.
(Edit – that’s silly. What I mean is this is the most concise, transparent explanation of the market I have read. It rolls in ideas that are widely talked about by people who, ummm, know what they’re talking about. I don’t mean to suggest I have a clue about any of this; it’s just that it’s where my reading has pointed me.)
Note that Cuban correctly identifies this as a hacking problem and proposes what I think are a hacker’s solutions. Well done.