Comment by downvotetruth | Hacker News Reader

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Comment by downvotetruth | Hacker News Reader

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downvotetruth·

fix the market? sir, this is a casino. $40 B market cap is chump change in the quadrillions derivatives market https://twitter.com/gaborgurbacs/status/1637522483476680710?...

thats like summing the value of all written insurance policies, meaningless number

the figure is way lower netted out

Warren Buffet on derivatives: "financial weapons of mass destruction."

You can't compare a notional value to assets under management.

market cap is not assets under management

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