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$\begingroup$ The last quote strikes me as disputing the earlier comments. Do you see it that way? $\endgroup$
– Dave
Commented May 26, 2023 at 10:39
$\begingroup$ @Dave, not really. I take it to say that once the initial obstacles were out of the way, the CAPM worked well – for some time. $\endgroup$
– Richard Hardy
Commented May 26, 2023 at 10:52

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