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The only person likely to get rich off that is the broker...
by zemblamatic 16y ago
The only person likely to get rich off that is the broker...
- aspiringsensei 16y agoSadly "that" likely describes far more than HFT. I've been wondering for a while if performance was inversely correlated with portfolio turnover in actively managed portfolios. Without having proved it out, I am almost certain it is.
- aspiringsensei 16y agoAnd as I think about it, the reason for that might actually be that portfolio turnover mitigates concentration risk if it is not excessive.