"From time to time, fundamental changes of great investment significance affect large groups of common stocks. Usually for some time after these new influences are felt, the great majority of the investment community have little appreciation of their true importance. Then as the real significance of what has happened dawns, a spectacular change occurs in the market price of the affected securities. Fortunes are sometimes made by those who appreciated the significance of what was happening early—before it was importantly reflected in changed quotations for individual stocks."
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(1st edition, Prentice-Hall, 1960)
https://en.wikiquote.org/wiki/Philip_Arthur_Fisher
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Philip Arthur Fisher
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