
Jared Dillian, The Daily Dirtnap - The Cardinal Sin In Investing Is Selling Too Soon | #344
The Meb Faber Show - Better Investing
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What Happens When Something Is Free?
zero commission has been the worst thing that happened to retail investors in my lifetime for sure. When something is free, people tend to over consume it. Because there is no explicit cost, they consume it, which means that they trade too frequently and their performance is worse. And all this happens to the benefit of eno, not just robin hood, but schlab and tediumara trade and all the discount brokers.
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