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词汇 watered stock
词源
watered stock. To water a stock is to increase its number of shares without increasing the value of its assets; it is thus diluted or watered down. According to one old story, the expression originated with Wall Street speculator Daniel Drew, who was a cattle dealer after the Civil War. Drew sold his cattle by weight, of course, and did so immediately after they finished drinking a large quantity of water.
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更新时间:2025/7/16 1:43:12