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The old ‘location, location, location’ adage applies beyond real estate. NBER released a working paper this month demonstrating a connection between holding distant stockholder meetings (e.g., more than 1,000 miles away from corporate headquarters and/or more than 50 miles away from a major airport) and abnormal stock returns in the subsequent six-month period. We’ve also seen analysis (and further over-analysis in the sports world) regarding aircraft location, up to and including aircraft with blocked registration. Don’t neglect where someone, or something, is at a point in time as useful information.

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