Book Preview – Chapter 4
December 13, 2013 - Big Ideas
Here is this Friday’s installment of Avoiding Investment Strategy Flame-outs, a short book we are previewing for subscribers. Chapter previews will continue for the next five Fridays. Chapter 4: “Accounting for Implementation Frictions” “Investment frictions (costs) include such burdens as broker transaction fee, bid-ask spread, impact of trading (for large trades), borrowing cost for shorting, cost of… Keep Reading