WeeWee19

This is fascinating to me. Your reasoning is very clear but you could also make an argument that in a game with razor thin margins like the financial markets, a small time investor with sophistication and a low cost structure could succeed.

Do you have links to any resources discussing this is detail?

What do you think about machine readable data initiatives such as the XBRL mandate for public companies? Do you think they will have the intended consequence of helping level the playing field for small investors who cant afford to pay for curated data sets? Are there other better ways?