If there were no trading costs — possible in a thought experiment but not in the real world — an excellent strategy
over the
last few decades would have been buying shares at the
last possible moment during regular trading hours and
selling them methodically at the opening bell every day, Professor Gulen of Purdue said.
I have never hidden my distaste, my biases and my prejudices of the billable hour and the «we
sell time» culture that has permeated most professional firms, but especially law firms,
over the
last few decades.