"In other words, he figured out pretty quickly that this is not an algorithm game or speed game - it, like many things on Wall Street - is a 'who you know' game. No matter how smart, how fast, how sophisticated you are as an outsider, the likelihood is that someone on the inside has a similar trade idea and can do it faster and cheaper than you."
For every wall st question posted to HN this is the answer. It's a lot of money in somebody else's backyard. The game's played in that backyard are always rigged against the outsider.
For every wall st question posted to HN this is the answer. It's a lot of money in somebody else's backyard. The game's played in that backyard are always rigged against the outsider.