Market quote of the day by Benjamin Graham | “In the short run, the market is a voting machine. In the long run, it is a weighing machine.”
Benjamin Graham's insight explains market behaviour. In the short term, stock prices reflect popularity and sentiment, like a voting machine. Over time, however, fundamental business performance dictates value, transforming the market into a weighing machine. Investors focusing on intrinsic value, not daily noise, achieve long-term success. This principle guides patient, disciplined investing.