--- title: "Meaning & Key Takeaway of: In the short run, the market is a voting…" description: "\"In the short run, the market is a voting machine, but in the long run it is a weighing machine.\" — Benjamin Graham" image: "https://sms4smile.com/quotes/i/0ae/benjamin-graham-1531_business_in-the-short-run-the-market-is-a-voting_196792.jpg" --- # In the short run, the market is a voting machine, but in… ![“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” quote by Benjamin Graham](https://sms4smile.com/quotes/i/0ae/benjamin-graham-1531_business_in-the-short-run-the-market-is-a-voting_196792.jpg) [Download](https://sms4smile.com/quotes/i/0ae/benjamin-graham-1531_business_in-the-short-run-the-market-is-a-voting_196792.jpg) [Open image](https://sms4smile.com/quotes/i/0ae/benjamin-graham-1531_business_in-the-short-run-the-market-is-a-voting_196792.jpg) > “In the short run, the market is a voting machine, but in the long run it is a weighing machine.” [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Short‑term markets reflect popular opinion, while long‑term markets assess true value, akin to voting versus weighing. **In simple terms:** Short‑term markets vote; long‑term markets weigh value. Key Takeaway Focus on fundamentals over hype. Themes finance valuation time horizon Mood analytical cautious Type educational philosophical When to use this quote - stock trading - financial planning - wealth management Key Concepts investment strategy market analysis Questions to Reflect On - How to differentiate noise from signal? - What metrics indicate long‑term value? A Different Perspective Short‑term volatility can mislead investors. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Computers](https://sms4smile.com/quotes/about/computers/) [Intelligent](https://sms4smile.com/quotes/about/intelligent/) [Investing](https://sms4smile.com/quotes/about/investing/) [Long](https://sms4smile.com/quotes/about/long/) [Long run](https://sms4smile.com/quotes/about/long-run/) [Machines](https://sms4smile.com/quotes/about/machines/) [Market Voting](https://sms4smile.com/quotes/about/market-voting-1327435/) [Running](https://sms4smile.com/quotes/about/running/) [Short Run](https://sms4smile.com/quotes/about/short-run-2064874/) [Voting](https://sms4smile.com/quotes/about/voting/) [Voting Machine](https://sms4smile.com/quotes/about/voting-machine-925030/) [Weighing](https://sms4smile.com/quotes/about/weighing/) [Weighing Machine](https://sms4smile.com/quotes/about/weighing-machine-2064873/) ## Related quotes > [In other words, the market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal…](https://sms4smile.com/quotes/benjamin-graham/in-other-words-the-market-is-not-a-weighing-machine-on-which-the/) [Benjamin Graham](https://sms4smile.com/quotes/author/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 -…](https://sms4smile.com/quotes/benjamin-graham/in-the-short-run-the-market-is-a-voting-machine-reflecting-a-voter/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [“In the short term, the stock market is a voting machine. 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That”](https://sms4smile.com/quotes/ambrose-bierce/but-a-voting-machine-that-human-ingenuity-can-not-pervert-human/) [Ambrose Bierce](https://sms4smile.com/quotes/author/ambrose-bierce/) > [It's the concept of having a computer voting machine that bothers me, more so than the specific poor implementation that we have from Diebold.](https://sms4smile.com/quotes/avi-rubin/it-s-the-concept-of-having-a-computer-voting-machine-that-bothers-me/) [Avi Rubin](https://sms4smile.com/quotes/author/avi-rubin/) > [Immediately upon entering the weighing-in zone, I sensed an oppressive tension in the air, the lightweights staring and glaring at each other, snarling like…](https://sms4smile.com/quotes/brad-alan-lewis/immediately-upon-entering-the-weighing-in-zone-i-sensed-an-oppressive/) [Brad Alan Lewis](https://sms4smile.com/quotes/author/brad-alan-lewis/) ## More by Benjamin Graham > [The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.](https://sms4smile.com/quotes/benjamin-graham/the-purpose-of-this-book-is-to-supply-in-the-form-suitable-for-laymen/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that…](https://sms4smile.com/quotes/benjamin-graham/there-is-something-paradoxical-in-the-fact-that-by-establishing-an/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.](https://sms4smile.com/quotes/benjamin-graham/those-with-the-enterprise-lack-the-money-and-those-with-the-money/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.](https://sms4smile.com/quotes/benjamin-graham/it-must-be-fundamentally-wrong-to-reduce-production-of-food-and-fiber/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [The intelligent investor is a realist who sells to optimists and buys from pessimists.](https://sms4smile.com/quotes/benjamin-graham/the-intelligent-investor-is-a-realist-who-sells-to-optimists-and-buys/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [Intelligent investment is more a matter of mental approach than it is of technique. 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