Shades of Parkinson's Law [1], along with the idea that more effort is more valuable than less effort. Sometimes, simplicity is the ultimate sophistication.
I bet we would could reduce US capital market trading to four days a week and still arrive at a similar outcome wrt efficient price discovery and liquidity windows, tangentially [2].
Comments
https://www.bogleheads.org/wiki/Target_date_funds
Seriously. Target funds if you're lazy or a three fund portfolio you rebalance every couple of years. Don't need software for that
Shades of Parkinson's Law [1], along with the idea that more effort is more valuable than less effort. Sometimes, simplicity is the ultimate sophistication.
I bet we would could reduce US capital market trading to four days a week and still arrive at a similar outcome wrt efficient price discovery and liquidity windows, tangentially [2].
[1] https://en.wikipedia.org/wiki/Parkinson%27s_law
[2] https://www.bloomberg.com/opinion/articles/2021-10-06/why-no... | https://archive.today/Ykapv