Computers Quote by Benjamin Graham
“In the short-run, the market is a voting machine - reflecting a voter-registration test that requires only money, not intelligence or emotional stability - but in the long- run, the market is a weighing machine.”
About This Quote
Source Book: The Intelligent Investor, 1949
Short‑term markets reflect money power; long‑term markets reflect true value.
In simple terms: Money drives short‑term votes, value drives long‑term weight.
Invest with a long‑term perspective.
Themes
Mood
Type
When to use this quote
- stock investing
- portfolio planning
- financial education
Key Concepts
Questions to Reflect On
- How do you differentiate hype from value?
- What metrics reveal true worth?
Short‑term volatility can mislead investors.