Could it be that MM occasionally results in huge losses as well as the gains. I do remember the Sydney MM who could not find out his Adelaide broker agent. He kept bidding up the price of a dual listed stock until my operator seized on the chance to fill him up with stock. We bought in Adelaide and shared the profit with our Sydney broker. $6,500 each and not a bad days work I say!
Coin value of DCC holdings, page-78
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