The Investor and Market Fluctuations: The story of the Great Atlantic & Pacific Tea Company Shares (4)

There are two chief morals to this story.

• The first is that the stock market often goes far wrong, and sometimes an alert and courageous investor can take advantage of its patent errors. 
• The other is that most businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse.  The investor need not watch his companies’ performance like a hawk; but he should give it a good, hard look from time to time.