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DewDiligence

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DewDiligence

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Re: DewDiligence post# 141170

Friday, 05/04/2012 11:18:10 AM

Friday, May 04, 2012 11:18:10 AM

Post# of 257644
Why AGN hasn’t seen sales tank in Southern Europe as much as most drug companies:

http://www.ft.com/intl/cms/s/0/59a2dd3a-94a1-11e1-8e90-00144feab49a.html

“In southern Europe, people spend a higher proportion of their income on appearance and lifestyle,” [CEO] Mr Pyott told the Financial Times. “They are happy to live in a modest apartment and look good facially and body-wise when they go out.”

Pyott is a straight shooter, IMO, so there’s probably a lot of truth to this soundbite.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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