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eaten them.
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So when I buy a stock I'm giving up apples today.
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I'm getting the stock which is then paying me dividends
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tomorrow, which whatever they are I'm
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selling off, I'm getting a profit out of the
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stock tomorrow and I'm ending up with apples tomorrow.
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Maybe I'm just eating the dividends straight off the tree.
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So when I buy a stock I'm really giving up apples today
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and getting apples tomorrow.
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And no matter how I do it, whether it's through stock
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alpha, or through stock beta,
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or through a nominal bond it's got to be the case that all