Muddy price discovery creates repercussions: if the system is designed for participants to respond to price incentives but prices are distorted by passive flows, those distortions must be owned as consequences of the system design.
normativepending
Speaker
Adam TagerEvidence Quote
“and if you design a system where people are supposed to respond to price incentives and then you muddy price Discovery you also have to own that that's going to have repercussions right”
Source
Where Will Stocks Go Under Trump? Watch Passive Capital Flows | Mike Green— Adam Taggart | Thoughtful Money®Created: 8/11/2026, 7:50:31 AM
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