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Whatsamadoovie

3,614 Posts.

685

18/12/15

17:33

Post #: 16647179
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Originally posted by chiggles ↑

Excess returns attract capital to an industry until it is eventually competed away, insufficient returns push capital away until prices bottom and risk adjusted returns are once again attractive.

I quite like that quote (paraphrased) from Leon Cooperman

That's the essence of capitalism and economic cycles I guess.

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9%... Wow, thought we were doing alright there for a few days.. Then bang..

From the look of that the asx200 must be kicking us out at the close of business today...

BKN Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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