How Everybody Pays The Price Of Wall Street’s Unregulated High-Frequency Trading

How Everybody Pays The Price Of Wall Street’s Unregulated High-Frequency Trading: During an appearance on CNBC yesterday, Charlie Munger, deputy to billionaire investor Warren Buffett, had some harsh words for high-frequency trading, the practice used by huge financial firms to trade stocks in milliseconds. “Take the rapid trading by the computer geniuses with the computer algorithms,” said Munger. “Those people have all the social utility of [...]/p