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DewDiligence

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DewDiligence

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Re: DewDiligence post# 78287

Friday, 12/07/2012 2:28:24 PM

Friday, December 07, 2012 2:28:24 PM

Post# of 251872
The WSJ, commenting on the BAX-Gambro deal, paraphrased something that Stephen MacMillan, the former CEO of Stryker Corp., said a few years ago.

WSJ (http://online.wsj.com/article/SB10001424127887323901604578159562802281322.html ):

As the world gets richer, lifestyles get unhealthier. At least that's what Baxter International is betting with its $4 billion acquisition of Gambro…

Stephen MacMillan (#msg-38038167):

In the developed world, people are getting older and sicker, and in the developing world, people are getting richer and fatter.

I’m partial to MacMillan’s version.

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

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