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Walt wrote:
> SUMMATION:
>
> Good trading and good business can not be considered analogous
> at all. Trading is a game of speculation between two participants who
> understand and agree to the rules of the game. The goal of business
> is to provide value.
>
Norman wrote:
> Walt
I am a big advocate of the concept of value is given for value
recieved. However, I don't agree that those who trade are not providing
an important service to the market. Those who trade are adding liquidity
and helping the market to be effecient ...
The "good traders" are helping in the realocation of financial
resources from the less effecient
Walt wrote:
Hi Norman,
That's odd. I don't read where I wrote anywhere that traders don't
produce value. They produce value for themselves and the exchanges.
The exchanges produce value by serving in many capacities. You're 100%
correct. I disagree with Pete's implying that the ethical cut and thrust
of actual trading is analogous to ethical business.
***
* Zoroingly,
*** Walt
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