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Subject:  you can fool some people Date:  11/10/2004  2:29 PM
Author:  solasis Number:  283 of 297

You Can Fool Some People Sometimes
Authors: Rasa Karapandza, Milos Bozovic
Comments: 10 pages, 1 figure, 4 tables

"We develop an empirical procedure to quantify future company performance based on top management promises. We find that the number of future tense sentence occurrences in 10-K reports is significantly negatively correlated with the return as well as with the excess return on the company stock price. We extrapolate the same methodology to US presidential campaigns since 1960 and come to some startling conclusions. The candidate who used less future tense sentences (will, shall, going to) in televised debates won the popular vote every time..."

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