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Jake
EconomPic
If you purchased $1 of all 1997 IPOs on 12/31/97, $1 of all 1998 IPOs on 12/31/98, and $1 of all 1999 IPOs on 12/31/99 at their respective market weights
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Despite some tweets that may seem hyperbolic, I think most people are underestimating how much the ~$18B year-to-date (~$10B of which are quarter-to-date) flows have impacted the valuation of their
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