Well, a decent middle-class income is far above what most college kids are making. At the time it was an absolutely astonishing amount of money to me. In a broader context it lines up well with the efficient markets hypothesis’s conditions, of course, but I wouldn’t be surprised if exactly the kind of astonishment I experienced back then, suitably inflated by word of mouth and barroom exaggeration, was responsible for the stories you’ve heard.
Well, a decent middle-class income is far above what most college kids are making. At the time it was an absolutely astonishing amount of money to me. In a broader context it lines up well with the efficient markets hypothesis’s conditions, of course, but I wouldn’t be surprised if exactly the kind of astonishment I experienced back then, suitably inflated by word of mouth and barroom exaggeration, was responsible for the stories you’ve heard.