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Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.

Robert D. Arnott Quote: “Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”

“Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”

Robert D. Arnott

Robert D. Arnott Quote: “Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”
Robert D. Arnott Quote: “Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”
Robert D. Arnott Quote: “Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”
Robert D. Arnott Quote: “Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”
Robert D. Arnott Quote: “Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”
Robert D. Arnott Quote: “Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.”
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