I think I understand it well enough already.
I AM in favour of massive market reforms that removes definitely HFT and probably a lot of day trading too. I don’t think it benefits anyone - I know some traders argue it prevents inefficiencies in the market but I am convinced it does more harm than good. Minimum holding periods are fine by me. But you and I both know that some pension funds hold Wayfare - and pension funds will eventually trade, maybe on lower frequency, and make choices based on companies’ performance. Of course Wayfare has to keep their margins in that game.
What does that have to do with my argument?