It is a great quote, but it only said he is reported to have said it.
On Tue, Jun 27, 2006 at 02:19:47PM -0400, Doug Henwood wrote:
>
> On Jun 27, 2006, at 2:04 PM, Willy Greenfields wrote:
>
> > Some see him as an uncorrupted heartlander
> > that beats Big City elites (Wall Street) by refusing
> > to play their game, while Doug basically equates him
> > with Wall Street itself. I'm generally awed by the
> > guy
>
> He's not equal to Wall Street itself. He's more liberal than your
> average stock trader, and he's got a longer time horizon. That
> conceded, I don't really get what social contribution he's made that
> justifies his wealth; I'm certainly no Microsoft fan, but at least
> the company's made some half-useful software. Ok, he is - or was - a
> great stock-picker. But all these encomia remind me of that great
> quote in Barbarians at the Gate on why he loves tobacco as an
> investment: the product costs a penny to make, it sells for a dollar,
> there's great brand loyalty, and it's addictive. I haven't seen that
> quoted anywhere lately.
>
> Doug
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu