Thread: Is the stock market really +e.v.
View Single Post
  #7  
Old 01-24-2005, 11:50 PM
AdamL AdamL is offline
Senior Member
  
Join Date: May 2004
Posts: 407
Default Re: Long Run Returns and \"Beating the Market\"
They'll pay $11 but in real dollars. If everyone buys and holds and the economy grows at $11, the shares sell one year down the road for $11 still, but that $11 buys a bigger basket of goods.
Reply With Quote