April 2, 2014 Dear Investor: The new book Flash Boys by Michael Lewis has garnered buzz saw-like attention for its contention that securities markets are rigged by high frequency traders (HFTs). I wrote a Forbes piece on the topic, News Flash: Flash Boys Not News, in which I agree. What’s more they always have been rigged—at least in the sense that individual day-traders never stood a chance against nimble and sophisticated hedge funds. I argue...