The actual, private object of the most skilled investment to-day is 'to beat the gun', as the Americans so well express it, to outwit the crowd, and to pass the bad, or depreciating, half-crown to the other fellow.

当今最有技巧的投资的实际私人目标是“抢先一步”，正如美国人所表达的那样，以智取胜，将坏的或贬值的半克朗转给另一个人.