股票市場（stock market）

閱讀筆記：

• The appropriate way to look at the “stock market” is to view it as a collection of stocks rather than an index number. When you view the market on a stock-by-stock basis, you will find that at any particular time the stock market contains a number of individual bull markets and bear markets. In fact, each stock is its own stock market; that is, each stock is composed of a number of buyers and sellers. In applying this perspective, it is possible to locate a number of stocks that could perform well during a bear market for the indexes or poorly during a bull market for the indexes. (摘自Investing the Templeton Way: The Market-Beating Strategies of Value Investing's Legendary Bargain Hunter, by Lauren C. Templeton and Scott Phillips)