证券分析摘录八

27. The third is that, even when the underlying motive of purchase is mere speculative greed, human nature desires to conceal this unlovely impulse behind a screen of apparent logic and good sense. P540

28. Trading in the market, forecasting next year’s results for various businesses, selecting the best media for long term expansion-all these have a useful place in Wall Street. But we think that the interests of investors and of Wall Street as an institution would be better served if operations based primarily on these factors were called by some other name than investment. P567