The plain talking man from the flat lands of Omaha, Nebraska, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s Charlie Munger, has straight talk for the HFT lobby, as does Bill Gates and the oracle himself, Warren Buffett. HFT does civilization “no good at all” Saying high frequency trading “does the rest of the civilization no good at all,” Munger let loose farmer’s logic from the heartland. High frequency trading is the “functional equivalent of letting rats run in the grainery.” Rats skimming off the food supply which was the product of other people’s work might be compared to the generally oligarch exclusive…
Buffett, Munger, Gates Trash HFT
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.