“If no forces interfere with the process of entry by competitors, profitability will be driven to levels at which efficient firms earn no more than a “normal” return on their invested capital. It is barriers to entry, not differentiation by… — Bruce Greenwald Copy Share Image
“keep in mind Einstein’s admonition that “Everything should be made as simple as possible, but not simpler.” — Bruce Greenwald Copy Share Image
There are no bad days in the market. When the market is down, you've got bargains, and it's lovely to think of what you… — Bruce Greenwald Copy Share Image
“If no forces interfere with the process of entry by competitors, profitability will be driven to levels at which efficient firms earn no more… — Bruce Greenwald Copy Share Image
