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March 06, 2006

Comments

Chris M.

Judging from the shocking numbers that Jack Bogle presents about how much investors actually keep after expenses and costs, maybe there isn't much equity premium left? That's assuming the marginal investors is a regular person getting ripped off by Wall Street. It wasn't until fairly recently that you could even own the index, which is what we're talking about when we compare stocks to bonds.

DF

equity premium (a six & a seven letter word)
due to
pyramid scheme (a seven and a six letter word)
coincidence?
i don't think so.

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