I agree. But at the same time stock-market is not zero-sum because economy is growing, productivity is increasing due to innovation. So the question is how to take the maximum possible slice of the growth in the pie.
Can quants help? That I am not certain.
And many people like re-creational gambling. So why not gamble on a non-zero sum game, the stock-market?
Can quants help? That I am not certain.
And many people like re-creational gambling. So why not gamble on a non-zero sum game, the stock-market?