I don’t think this is the issue. If you invest $10m into some market position, your “opinion” literally has one million times the impact of someone who invested $10. It’s not just “people who invest” vs “people who do not invest”. Even among those who invest, the more capital you apply, the more your opinion matters.
Markets are inherently capital-weighted and their opinion necessarily reflects the positions of the rich to a much greater degree.
I don’t think this is the issue. If you invest $10m into some market position, your “opinion” literally has one million times the impact of someone who invested $10. It’s not just “people who invest” vs “people who do not invest”. Even among those who invest, the more capital you apply, the more your opinion matters.
Markets are inherently capital-weighted and their opinion necessarily reflects the positions of the rich to a much greater degree.