#SEC取消加密资产投资合约规则会议
Hayek said that capitalists make more money because they take on more risk. Following that logic, since Wall Street institutions hold so many shares—meaning their risk is far greater than that of individual investors—probability would suggest they should be more likely to lose everything and go bankrupt.
But reality is this: no matter how much the market twists and turns, the ones who always end up profiting are big institutions like Morgan, Goldman Sachs, and BlackRock. When retail investors play with them, most of the time they lose everything.
The reason is simple—these institutions have overwhelming advantages in information, capital, and the rules. They can turn “high risk” into guaranteed profit.
So, the kind of “fair and free market” and pure probability that Hayek touted simply doesn’t exist.
Hayek said that capitalists make more money because they take on more risk. Following that logic, since Wall Street institutions hold so many shares—meaning their risk is far greater than that of individual investors—probability would suggest they should be more likely to lose everything and go bankrupt.
But reality is this: no matter how much the market twists and turns, the ones who always end up profiting are big institutions like Morgan, Goldman Sachs, and BlackRock. When retail investors play with them, most of the time they lose everything.
The reason is simple—these institutions have overwhelming advantages in information, capital, and the rules. They can turn “high risk” into guaranteed profit.
So, the kind of “fair and free market” and pure probability that Hayek touted simply doesn’t exist.
