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Ken Griffin: "Markets are efficient because of active managers setting the prices of securities... trying to drive the value of companies towards where we think they should be valued" (x.com)

submitted 11 months ago by MozooZ@lemmy.whynotdrs.org to c/theppshow@lemmy.world

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[–] Clevrnam1@lemmy.world 7 points 11 months ago* (last edited 11 months ago)

"Markets are efficient because markets are what I say markets should be as a market maker, and these should be some dang efficient markets!". Well, I'm convinced Kenneth.

[–] CaptainSpaceman@lemmy.world 6 points 11 months ago (1 children)

What a loathsome human

[–] MozooZ@lemmy.whynotdrs.org 5 points 11 months ago

At the end of the day, yep.

[–] MozooZ@lemmy.whynotdrs.org 2 points 11 months ago

Can find the original source from here: https://www.youtube.com/watch?v=FID0BLkZXuY&t=34m18s

The interview took place about 4 months ago at George Washington's Mount Vernon complex (?) and is from their official YouTube channel.

[–] MossyHabitat@lemmy.world 2 points 11 months ago

Why this isn't making waves , at least within the finance industry, is beyond comprehension. Market makers in general are a scam and go against the idea of a free market & laws of economics (other than human greed) regarding supply & demand.

The finance industry is a parasite on the human species.