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"Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly."

— Jeremy Grantham
jeremy grantham Quotes Gone,Finance,Margins

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Jeremy Grantham
Gone
Finance
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Profit
Profit Margin
Reverting

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