Hindsight Is In No Way the Coefficient of Discovery

“Why can’t you pulverize the market just by buying the stocks with the highest share prices?” The previous question was asked by Jason Zweig, author of the rather excellent “Intelligent Investor” column in the Wall Street Journal.

Would it that staffers within the Department of Justice’s (DOJ) antitrust department were regular readers of Zweig. In particular his column from May 31st of this year. It might cause them to rethink their ongoing attack against entertainment behemoth Live Nation. That Live Nation can credibly be called a behemoth doesn’t just compliment it, but it also reveals the DOJ’s non-existent case against it.

 

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