4 ordspråk av Michael Lehmann
Michael Lehmann
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One objective of the Dow is to have a great deal of breadth. It's amazing for 30 stocks that it does such a good job.
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It isn't as if there's no manufacturing left in the U.S. economy or the Dow Jones industrial average. As much as the Information Age has changed the U.S. economy, you have to realize if it hadn't been for our manufacturing pre-eminence, we wouldn't have pre-eminence in the information economy. It derives directly from the U.S. lead in computers, which goes back to our manufacturing base. I don't think manufacturing is finished by any means.
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Whether the Dow is at 11,000, 12,000, 25,000 -- the simple truth is that those companies are chosen to be a part of the Dow for a reason. It's amazing for 30 stocks that it does such a good job.
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Not just do they look like they could be sisters, but they feel like they could be sisters. We've encouraged them to spend time together. Most of the time, I think they search on eBay and do shopping and discuss things that have no meaning to me whatsoever.
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