Sustainable double-digit profits for a non-scarce commodity?
by
Shenping
05/12/2008, 2:20 PM #
Economics 101 anybody?
I only have a thousand or so dollars to invest each year, but if someone came to me and said they had an investment which would net me 35% per year, I wouldn't buy into it. Call the Better Business Bureau, perhaps, but not buy. So why would investors buy stock at a value expecting continuing 35% returns?