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Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.

Benjamin Graham
May, Firsts, Ownership
Benjamin Graham (1965). “The Intelligent Investor: A Book of Practical Counsel”, p.205, Prabhat Prakashan
Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.