4 ms·
There is the famous Benjamin Graham quote, "In the short run, the market is a voting machine but in the long run, it is a weighing machine." This article is tr
by kgin 6y ago
There is the famous Benjamin Graham quote, "In the short run, the market is a voting machine but in the long run, it is a weighing machine."
This article is trying to say "I think the stock market is broken because it should be a weighing machine at all times, including of factors that aren't being weighed".
That's a fine argument, but it's misunderstanding how the stock market has worked up until now.