勿做伪君子

Core Viewpoint - The article critiques the claims made by Professor Liu regarding the high percentage of retail investors suffering losses in the stock market, questioning the validity of the data presented and suggesting it may be misleading [3][5][10]. Summary by Sections Retail Investor Losses - Professor Liu states that approximately 80% of retail investors are currently at a loss, with an average loss of around 20,000 yuan, despite a generally positive market trend this year [3][4]. - The article challenges the source of this data, noting that there is no official disclosure of such statistics regarding retail investor profits and losses [6][10]. Impact of Quantitative Trading - Liu attributes the losses of retail investors to the advantages held by quantitative trading firms, which utilize high-frequency trading techniques that create an unfair market environment for individual investors [4][10]. - The article argues that the portrayal of quantitative trading as a primary cause of retail losses is overly simplistic and potentially harmful [11][13]. Critique of Data Validity - The article emphasizes the lack of credible sources for Liu's claims, suggesting that the data may have originated from unverified online discussions rather than empirical research [5][6][10]. - It raises concerns about the potential for misinformation to create unnecessary divisions between retail investors and market participants, including quantitative traders and regulators [10][12]. Call for Responsible Discourse - The article advocates for constructive dialogue regarding market reforms and the importance of accurate data in discussions about retail investor experiences [11][13]. - It criticizes the use of sensationalized claims for gaining attention and traffic, urging experts to uphold their responsibility to the public [15].