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wrote...
Posts: 201
A month ago
A study of trading behavior of individual investors at a discount brokerage found that individual investors:

▸ trade very conservatively, despite the fact that their performance is actually worse because of trading costs.

▸ trade very conservatively, partly because their performance is better than the professionals' because of low trading costs.

▸ trade very actively, despite the fact that their performance is actually worse because of trading costs.

▸ trade very actively, partly because their performance is better than the professionals' because of low trading costs.
Textbook 

Fundamentals of Corporate Finance

Edition: 2nd
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wrote...
A month ago
trade very actively, despite the fact that their performance is actually worse because of trading costs.
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