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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (53841)3/29/1999 4:17:00 PM
From: Michael Bakunin  Read Replies (1) | Respond to of 132070
 
If there is a rational premium for liquidity, then an efficient market adherent would argue that the valuations are warranted. As I said, I am not such an adherent; I think big stocks will not outperform over the long term precisely because of the hefty premium investors are paying to own them.