One cannot be taught how to weigh the future.
The analyst is warned not to trust his projections of the future too far, and especially not to lose sight of the price of the security he is analyzing.
No matter how rosy the prospects, the price may still be too high.
Conversely, the shares of companies with unpromising outlooks may sell so low that they offer excellent opportunities to the shrewd buyer.
Also, the wheel of time brings many changes and reversals.
"Many shall be restored that now are fallen, and many shall fall that now are in honor."
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