This quote suggests that a highly volatile or overactive stock market can distract from the true purpose of business: creating value. In this metaphor, the stock market is compared to a pickpocket, subtly stealing from the enterprise, which here represents the real, tangible business activities that add value to the economy. The implication is that too much focus on the stock market, with its fluctuations and speculations, can lead to a neglect of the core business operations that drive genuine growth and innovation.

In an overactive stock market, companies might be tempted to make decisions based on short-term stock price movements rather than long-term business strategies. This could involve taking unnecessary risks, over-leveraging, or diverting resources from productive investments into speculative activities. The ‘pickpocket’ is thus the diversion of attention and resources away from the real work of business towards the speculative and often unpredictable world of the stock market.

Applying this idea to today’s world, it could be argued that the rise of day trading and speculative investment, fueled by easy access to trading platforms and a surge in ‘meme stocks’, is creating a hyperactive stock market environment. This could potentially distract companies and investors from the fundamentals of business, such as innovation, productivity, and long-term value creation.

In terms of personal development, the quote might serve as a reminder to focus on what truly matters and creates value in the long run. Just as businesses should not be overly swayed by short-term stock market movements, individuals should not let short-term distractions or trends divert them from their long-term goals and values. Instead of chasing quick wins or immediate gratification, the focus should be on consistent effort and sustainable growth.