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I mean you wouldn’t be able to have mutual funds that rebalance more often than every 6 months, or ETFs, and you’d be saying no one could sell if there was bad news, and you’d be instituting forced buying and holding only
“No one could sell if there was bad news” — arguably if we just erased the price action between Jan 1 and Jun 30 in 2020, everyone would have been a lot better off 
I don’t know that I want to be forced to hold a stock if it comes out they do unethical stuff etc
That’s fair but is waiting 3-6 months to sell it that much worse than being able to sell it in 1-3 days?
I sometimes hear people arguing that stock markets should be one big auction at 9am every day but hear me out, what if we just did two auctions per year on say Mar 20 and Sep 20?
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