The faster you can transact stock, the easier it is to hold it for micro amounts of time.
- The faster you can transact stock, the easier it is to hold it for micro amounts of time.
- So as we made it easier and easier to buy and sell, the more short-term we got as a society.
- Everything bottoms out in "maximize shareholder value."
- When shareholders hold a stock for an average of something like three months, that reduces down to "short term profits over all else."
- A toxic blood coursing through the veins of society.