It is annoying yes, but perhaps we need to bear in mind that these participants create inefficiencies in the market giving rise to opportunities. We should actually be secretly applauding when we have weak competitors in the playing field.
The problem as I see it is that rusted-on bulls think in terms of binary outcomes, whereas we work things through in a Bayesian manner. The idea of marrying quantified risks to quantified returns just wont make sense to these people.
BTW, it is also amusing once we get over the annoyance.
By MSB, page-69
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