How Retail Traders Lose Big While Enriching Wall Street
Gambling in the stock market is increasing, with most traders losing money while generating billions of dollars per year for brokerages and wholesalers. Will all this trading lead to big market swoons?
Topics covered include:
Why sports gambling has grown so much
How gambling in the stock market is measured, and how prevalent is it
Why most traders lose money but continue to trade anyway
How uninformed traders improve market liquidity and encourage trading by informed trading
Why being an asset allocator is more rewarding and as intellectually stimulating as trading
