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This cuts to the heart of why arbitrage opportunities exist - the market is fundamentally designed with friction and delay, which creates the space for those who can act decisively. The idea that you can't compress uncertainty into immediate outcomes isn't a bug, it's a feature that prevents the entire system from collapsing into perfect efficiency. If every trade instantly reflected all information with zero spread, there'd be no liquidity providers, no market makers, and paradoxically no markets. The 'biggest arbitrage' is understanding that the financial system needs inefficiency to function, and positioning yourself to profit from those intentional gaps. It's why high-frequency traders make money not from being smarter, but from being faster within a system that deliberately maintains information asymmetry through structure.

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