“The market reflects all the jobber knows about the condition of the textile trade; all the banker knows about the money market; all the best-informed president knows of his own business, together with his knowledge of all other businesses; it sees the general condition of transportation in a way that the president of no single railroad can ever see; it is better informed on crops than the farmer or even the Department of Agriculture. In fact, the market reduces to a bloodless verdict all knowledge bearing on finance both domestic and foreign."
Charles Dow
No comments:
Post a Comment