Amazing to me that things like gamma squeezes, dark pools, and naked shorting are what are driving the “markets are unfair” conversation, and not things like… PDT rules and accredited investor regulations
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If you removed or lowered the AI threshold the net result would be that more, and less wealthy, people would get scammed into shitty VC/PE funds.
Of course if you’re talking about replacing the AI net worth test with like… a test of investing acumen or something? Then I am here for it.
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I am definitely not against consumer protections - don't get me wrong. I said it elsewhere in the thread, I just think using net worth as a proxy for sophistication is lazy at best, classist at worst. I think there's a better way, and probably does involve acumen tests
Thanks. Twitter will use this to make your timeline better. UndoUndo
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"Everyone that *would* take my money I wouldn't want to take my money"
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"I refuse to invest in any fund that would have me as an LP"
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