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They resorted to substituting future dividends the outcome of capital accumulation and re-investment for present ones. The myth was born. Thus, financial market theories starkly contrast with market realities. No one buys shares because he expects to collect an uninterrupted and equiponderant stream of future income in the form of dividends.
From the spherical figure of the earth, then universally believed by astronomers and cosmographers, in spite of the church, he inferred that the ancient hemisphere or continent then known, must of necessity be balanced by an equiponderant and opposite continent.
Though past eighty years of age, and weighing upwards of twenty stone, he had not lost, any more than the equiponderant colonel, his taste for the good things of this world; and our traveller, on partaking of the Nawab's hospitality, records with infinite zest the glories of a peculiar preparation of lamb, called nargus, or the narcissus.
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