24 March, 2015 at 2:28 am in Business
Whether most participants do or not isn't the point. The mere presence of some participants that can individually or jointly extract value from stocks without selling in the market is crucial to the kind of market formed. To the extent that value can be extracted outside a public market, that market becomes less like a casino mk outlet or racetrack and more like a highly liquid form of the private (negotiated) market for similar assets..
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