I understand how stock market works and I also understand we need stock markets for huge projects that require billions of dollars in investments. But other than that, it is just one sucker trying to find the next sucker, offload his stuff as fast as he can, for as much gain as he can. The whole thing feels a bit odd.
Well, I think you can view it as fair based on the idea of asymmetric preferences among investors. One investor's decision to sell after a short term period may offer an advantageous buy to another investor who wishes to hold the stock for a longer time, etc. So one need not assume that one party has an information disadvantage.
I understand how stock market works and I also understand we need stock markets for huge projects that require billions of dollars in investments. But other than that, it is just one sucker trying to find the next sucker, offload his stuff as fast as he can, for as much gain as he can. The whole thing feels a bit odd.