A Stock Does Not Know You Own It

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One of the oldest Wall Street aphorisms is this: “A stock does not know you own it.” Usually, this quote crops up during a conversation between someone who got burned by an investment in a particular company and another person that is looking to initiate a position in that company.

I’ve always shied away from using the phrase “A stock does not know you own it” because, in my experience, its connotation has always been negative, involving some investor lecturing someone else for making a bad investment.

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