Unless you’re an electrician, you probably don’t think about the wires running through the walls of your house—until, that is, you get a shock.
The stock market has similar hidden wiring. Normally, it works well. Stock trades settle, dividends are paid, proxy votes get recorded. So we don’t think about how it all happens. Recently however, that hidden infrastructure has increasingly come into sharper relief, for the same reason we pay attention to wiring: Various companies, executives, and investors have been shocked by shorts.
