Brokers responding to quant traders seeking better execution explicitly modeled the optimal amount to overcharge clients (slippage) while keeping them satisfied enough to maintain the relationship, treating it as a deliberate revenue extraction problem rather than cost reduction.

causalpending

Speaker

Jim O'Shaughnessy

Evidence Quote

How much can we screw them and still keep them happy?

Source

Surviving the Meme Stock Bubble | Cliff AsnessInfinite Loops
Created: 8/12/2026, 5:59:18 PM

My Notes

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