Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [...] The public owners seem to have abdicated all claim to control over the paid superintendents of their property

Chapter I, What the Intelligent Investor Can Accomplish, p. 18 - The Intelligent Investor: The Classic Text on Value Investing (1949)