Illusion of the degree of control. Giving up agency and going towards external locus-of-control like people who say everything is "God's will" rather than proactively mitigating risks is another form of learned helplessness.
You can't stop the sun from rising but you can stop the raccoons from using your trash cans as a salad bar.
But let's face it Wall St. makes money betting with low latency (or advanced notice) market data and news, insider info, and through complex chicanery to hide strats about said betting. It's moving value around into different peoples' pockets while maintaining a pretense of functioning as a funding and value conversion platform.
You can't stop the sun from rising but you can stop the raccoons from using your trash cans as a salad bar.
But let's face it Wall St. makes money betting with low latency (or advanced notice) market data and news, insider info, and through complex chicanery to hide strats about said betting. It's moving value around into different peoples' pockets while maintaining a pretense of functioning as a funding and value conversion platform.