As was brilliantly documented in Michael Lewis's book Flash Boys, Wall Street makes billions by buying huge quantities of stocks and bonds and then selling them shortly thereafter. The big investment houses and hedge funds have invested hundreds of millions of dollars in super-highspeed computers that detect the slightest price movements, then execute trades in mere fractions of a second. Once the price goes up-sometimes by just a fraction of a penny per share, and after just a few seconds or even less the traders dump the securities. When repeated tens of millions of times, the practice reaps an unbelievably enormous profit for Wall Street.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "As was brilliantly documented in Michael Lewis's book Flash Boys, Wall Street makes billions by buying huge quantities of stocks and bonds and then selling them shortly thereafter. The big investment houses and hedge funds have invested hundreds of millions of dollars in super-highspeed computers that detect the slightest price movements, then execute trades in mere fractions of a second. Once the price goes up-sometimes by just a fraction of a penny per share, and after just a few seconds or even less the traders dump the securities. When repeated tens of millions of times, the practice reaps an unbelievably enormous profit for Wall Street." in the context of "Bernie Sanders Our Revolution (2016)" to mean that wisdom is timeless.