"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.


Part Three, Arbitrage, This Is Not the Time To Buy Stocks, p. 134 - Fortune's Formula (2005)

William Poundstone Quotes

Average isn't so hot at the race track given those steep track takes. Average is pretty decent for stocks, something like 6 percent above the...

Average isn't so hot at the race track given those steep track takes. Average is pretty decent for stocks, something like 6 percent above the...

Average isn't so hot at the race track given those steep track takes. Average is pretty decent for stocks, something like 6 percent above the...

Average isn't so hot at the race track given those steep track takes. Average is pretty decent for stocks, something like 6 percent above the...