May

3

I am reblogging an od post on the site titled "persecution as a spur to achievement".

I noticed a fascinating comment from Rocky Humbert only today. My comment to his comment is posted underneath.

Rocky Humbert on October 31, 2009 5:02 pm

The author’s choice of the word “persecution” is unfortunate and incorrect. Persecution is defined as the systematic mistreatment of an individual or group by another group.Short-term speculation is a zero sum game, and a trader willingly, and without coercion, places a bet. The author’s logic suggests that in a wager, the winner persecutes the loser. That is absurd on its face.Even if one accepts the author’s plausible supposition (that persecution can ultimately lead to achievement), he neglects to mention that persecution requires SYSTEMATIC mistreatment. Among speculators, only fools and masochists subject themselves to systematic mistreatment. A speculator facing genuine persecution would simply walk away …Lastly, let’s please keep a bit of perspective here. How does being on the wrong side of a trade in Hong Kong compare with being on the wrong end of a Turkish death march, facing a Russian pogrom, being sent to a Gulag, and countless other examples of discrimination, abuse, atrocities and crimes against humanity? Fairly insignificant and uninteresting, is my answer.

Sushil Kedia on May 2, 2010 12:57 pm

ASS-u-ME is one way of spelling assume and means as much. Winners persecuting losers as you rightly said is not persecution. But if large volume pumps have access to the central server of an exchange without the same privilege being shared by all other market participants. Big volume producing pools tilting the bid-ask pressure against the scattered retail positions is persecution.Is there a single stock exchange in the world where an information audit is being ordered and conducted by any regulator in the world? There would in such a way of thinking hundreds of ways in which persecution may have been playing out in the markets which is just one single word expressing the idea that the public loses more than it should be losing.


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