The Wolf Hunters of Wall St. (Must read if you have stocks)

[JohnnyV13]

http://www.nytimes.com/2014/04/06/ma...ael-lewis.html

Moneyball writer Michael Lewis shows how Wall St. is a rigged game in favor of High Frequency Traders (HFTs).

This is a must read if you want to know what's happening to your money on the stock market.

I know it's long. But it's VERY MUCH WORTH IT.

[FringeNC]

Originally Posted by KC native

Still affects you. The trading required to mimic the index is affected by HFT.

I get it, but how many basis points of annual return versus the SP500 index are we talking about? Trivial compared to the return investors are giving up by not realizing they should be in index funds in the first place.

[KC native]

Originally Posted by FringeNC

I get it, but how many basis points of annual return versus the SP500 index are we talking about? Trivial compared to the return investors are giving up by not realizing they should be in index funds in the first place.

Trivial basis points are huge business for these firms.

[Demonpenz]

Glad I watched rounders...I almost got dick deep into the trouble that is Matt Damon'd movies.