The thread is titled, trading and horse track. Paul Tudor Jones suggests buying the fastest horse. Here is his argument
If the market is so "rigged" - then why can't everyone do the obvious and make money trading it? I can see how scalpers have to compete against bots and algos who are buying order flow, and certain elites getting preferential stock IPO issues - but otherwise, shouldn't a "rigged" market be readily exploited ?
I mean, we had over a decade with multiple tranches of massive Quantitative Easing and Fed pumping - and how many hundreds (thousands?) of dumbass threads appeared here on ET calling for a market top the entire time... Meanwhile, the 401Ks who bought stock every two weeks were making serious gains. {the non-traders}
with random markets you have a 'chance' of making millions in a bet or investment in a penny stock or startup where it's 1 in one million or 1 in 100 or 1%, you have a chance with that random ticket. evidence shows there are millionaires winning the jackpot and winners winning $10,000 in playing slot machines because it's random and not rigged. see all jackpot winners in lotteries. every month someone wins big. because it's 'random.' with rigged markets you have ZERO chance of making 10 millions or jackpot with that $5000 bet in a month. or 10x your bet. here is rigged market ie. house takes all bets..and rigged it show nobody wins with fake numbers drawn out. like sport betting, the game is rigged so house doesn't lose.
You are making zero sense. None. If you seriously believe that being profitable at progressive jackpot slot machines (Nevada Megabucks odds are 1 in 50M) and lotteries (odds of matching six numbers are at least 1 in 14M) is a more attainable activity than trading regulated exchange markets - you have absolutely no business being anywhere near a stock market.