William Poundstone Quotes:
Ocupation: Author
Life:
"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.
source: "Fortune's Formula". Part Three, Arbitrage, This Is Not the Time To Buy Stocks, p. 134. Book by William Poundstone, 2005.
topic: Race, Average, Track, Race Track
