A fun thought experiment. Suppose someone invents a time machine that gives the correct price of all securities at all future points in time.
1) Would it be against current rules to trade on this information?
2) If someone did use this machine surreptitiously to their own gain, how quickly will they approach owning 100% of everything?
3) If the entire data set of future prices were made publicly available, what would happen to markets? I mean, exactly, what would happen to stock prices?
1) Would it be against current rules to trade on this information?
2) If someone did use this machine surreptitiously to their own gain, how quickly will they approach owning 100% of everything?
3) If the entire data set of future prices were made publicly available, what would happen to markets? I mean, exactly, what would happen to stock prices?