On Wed, 21 Jun 2000, Christopher Browne wrote:

> Although that's only half the story; the other half is that you
> do have another amount that needs to be tracked, namely the cost.
Right. You must track both the number of units AND their actual cost.

> It is pretty useless on an ongoing basis, when what
> you care about is what the stock is WORTH, rather than what it
> COST.

Until it comes time to compute gain (profit) ...

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