Without breaking any laws, the number of ways in which those in control can benefit themselves and their families at the expense of the ordinary shareholder is almost infinite. […] There is only one real protection against abuses like these. This is to confine investments to companies the managements of which have a highly developed sense of trusteeship and moral responsibility to their stockholders.
Philip A. Fisher – American Growth investor and mentor of Warren Buffett (1907-2004), from “Common Stocks and Uncommon Profits” (1957), Quotations book 2024