Saturday, July 23, 2005

Value vs. Price: Marginal vs. Average Price

Ruminations by Michael S. Rozeff on the issues of stock prices aand values.

Essentially, this is somewhat similar to the issue of marginal vs. average revenue/cost/profit, although there are some differences.

I think this may indicate one reason for bubbles; more on that as I have time to think about it.

That is all.

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