Adventures in efficient markets

Doug Henwood dhenwood at panix.com
Thu Dec 16 08:55:40 PST 1999


Enrique Diaz-Alvarez quoted:


>"In all, investors will likely pay $77 billion this year in commissions
>and dealer spreads buying S&P 500 companies that will collectively
>generate between $200 billion and $300 billion in net income for them."

Who wrote this?

Doug



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