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Strategies & Market Trends : Value Investing

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To: IntoOLEDs who wrote (65655)12/9/2020 1:57:33 PM
From: E_K_S  Read Replies (1) of 78777
 
Richard Ney
BornDied

Richard Maximilian Ney

November 12, 1916

New York City, New York, U.S.
July 18, 2004 (aged 87)


Ney wrote three highly critical books about Wall Street, asserting that the market was manipulated by market makers to the detriment of the average investor. The first of these, The Wall Street Jungle, was a New York Times bestseller in 1970. The second and third were The Wall Street Gang and Making It in the Market.

Ney was credited with saying, "Hidden behind the façade of pompous jargon and noble affections, there is more sheer larceny per square foot on the floor of the New York Stock Exchange than any place else in the world." [7]

Wow, that goes way back but I do remember the 'Ney' Report and that was before all this automated trading.

Wonder if those new AI programs use the logic behind Ney's trading premise. It is/was always the MM manipulating the price.
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