Recent Insights

Month: October 2019

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  • Iron Capital Perspectives
  • October 3, 2019
  • Chuck Osborne

No Free Lunch

“There is no such thing as a free lunch.” This age-old wisdom used to be common knowledge. Today politicians go around claiming they can make everything free. Charles Schwab announced this week that trading in certain securities is “free.” TD Ameritrade followed suit. Is it true? Of course not! There is no free lunch in trading, and there is no free lunch in a trade war.