The retail trading revolution eats its children – The Australian Financial Review

Those in the finance industry that understand its plumbing are trying their best to explain this to the new cohort of traders.
Instead, theyre turning to the likes of Elon Musk, Davey Day Trader and Chamath Palihapitiya, who are egging the Reddit revolution on.
That, we should have expected. This is a post-truth moment for markets where intellectual honesty is being drowned out.
What is actually happening doesnt matter nearly as much as what is being said. And these growth hacking masters of influence…

Click here to view the original article.