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.
- Forums
- ASX - By Stock
- Come on Nick
Excess returns attract capital to an industry until it is...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)