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04-01-2014, 12:41 AM | |
Veteran
Join Date: May 2003
Location: Tucson AZ
Casino cash: $6145200
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The Wolf Hunters of Wall St. (Must read if you have stocks)
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. |
Posts: 4,156
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04-01-2014, 11:53 AM | #31 |
MVP
Join Date: Sep 2001
Location: NC
Casino cash: $1726014
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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.
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Posts: 10,173
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04-01-2014, 12:07 PM | #32 |
Banned
Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $10049239
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Trivial basis points are huge business for these firms.
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Posts: 24,946
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04-01-2014, 12:09 PM | #33 |
I got Rice cookin in the micro
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $3082136
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Glad I watched rounders...I almost got dick deep into the trouble that is Matt Damon'd movies.
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Posts: 54,279
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