'Weighting the evidence objectively, the intelligent investor should conclude that IPO does not stand only for "initial public offering". More accurately, it is

'Weighting the evidence objectively, the intelligent investor should conclude that IPO does not stand only for "initial public offering". More accurately, it is also shorthand for: It's Probably Overpriced, Imaginary Profits Only, Insiders' Private Opportunity, or Idiotic, Preposterous and Outrageous.', Benjamin Graham