The true meaning of investment discipline is to trade only when you rationally expect that you will achieve your desired objective. Accordingly, managers must thoroughly understand why they trade. Because trading is a zero-sum game, good investment discipline also requires that managers understand why their counterparties trade. This book surveys the many reasons why people trade and identifies the implications of the zero-sum game for investment...
By Larry Harris
Paperback: 92 pages
Publisher: CFA Institute Research Foundation (November 3, 2015)
Product Dimensions: 6 x 0.2 x 9 inches
Amazon Rank: 1764845
Format: PDF ePub TXT ebook
This is not exactly what I had expected. It didn't cost anything so I can't really complain.
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