American Way Cover - 7/1/2001

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Joseph Grundfest | Stanford University | The New York Times

Worth Repeating

by American Way Staff

"Can you blame the merchant for selling something to a paying customer? How many shirts do you have in your closet that you can’t believe you bought?"

— Joseph Grundfest, Stanford University law professor, quoted in The New York Times on research showing that shares of 12 percent of companies that went public during 1998-2000 now trade for under $1.

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Stanford University | The New York Times

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