• Stock speculation is largely a matter of A trying to decide what B, C and D are likely to think-with B, C and D trying to do the same.

    Benjamin Graham: Stock 
 speculation is largely a matter of A trying to decide what B, C and D 
 are likely to think-with B, C and D trying to do the same.
    Benjamin Graham, David Le Fevre Dodd (1940). “Security Analysis: Principles and Techniques”