The IPO Buzz: Message in the IPO Median
Averages can be misleading. That’s what former Secretary of Labor Robert Reich told an investment bankers’ convention in 1994. He gave an example. He said if he (about 5 feet tall) got on an elevator with Kareem Abdul-Jabbar (about 7 feet tall), the average height of the occupants would be 6 feet. He made his point.