"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.
--
Part Three, Arbitrage, This Is Not the Time To Buy Stocks, p. 134William Poundstone
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Poundstone, William
Pour-Mohammadi, Mostafa
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