Insights into High Frequency Trading from the Virtu IPO [pdf]
to me this is a perfect example of how incredibly indifferent capitalism can be to creating value. no one is bad here, per se, but its useless as far as i can tell, and someone gets very very rich. nothing wrong with capitalism of course, but i feel the need to keep harping of the fact that it doesn&#x27;t necessarily imply anything about value or desert.<p>edit: every time i make a comment along these lines, its interesting to see... it seems like HN is split about 50&#x2F;50 on this. is it that this point is trite? or that you disagree?