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To: pater tenebrarum who wrote (73432)2/28/2001 6:23:51 PM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Heinz, in addition the indices have a survivor bias- take out the dogs and the performers. the typical investor may have stocks which go bankrupt- i-nuts . It is also worth noting that in the electrification of america did deliver tremendous productivity gains but many investors were disappointed if you paid too much. mike