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The tricky water trade
Politics makes it unpredictable, but it’s still a scarce resource.
By Leah McGrath Goodman In 1980, John Dickerson conducted an experiment. He bought up batches of five water-related utilities stocks, put them in managed accounts, sat back and watched what happened. Within 30 days, they bred double-digit gains. At the time, Dickerson, a portfolio manager, was moonlighting as the volunteer
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