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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.” quote by Benjamin Graham
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“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.”

Benjamin Graham

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.

Key Takeaway

Invest with a long‑term perspective.

Themes

finance valuation time horizon

Mood

analytical pragmatic

Type

financial educational

When to use this quote

  • stock investing
  • portfolio planning
  • financial education

Key Concepts

economics behavioral finance

Questions to Reflect On

  • How do you differentiate hype from value?
  • What metrics reveal true worth?
A Different Perspective

Short‑term volatility can mislead investors.

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