Jeff Deist on price discovery

The purpose of capital markets is price discovery.  They help investors and businesses allocate capital to its best and highest uses, however imperfectly and haphazardly.  Short traders, long traders, so-called insider traders, futures traders, derivative contracts, speculators, gamblers, colluders, and even naked short sellers all serve this imperfect process.

~ Jeff Deist, "The GameStop Saga Unravels Stakeholder Theory," Mises.org, February 3, 2021