Quarterly Reports: Spreads
September, 1986
a timely accounting of timeless principles of personal financeEverything has two prices: the price you can buy it for and the price you can sell it for. In the difference between these two--the spread--resides the entire world of commerce. Retailing, wholesaling, garage-saling--the works.In much of the business world, this difference is called the markup. On Wall Street, it is the spread. In Paris, I'd guess, la différence (whence the cheer of the French brokerage community, Vive la différence!)...
