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Jan 9, 2020 · The stock market is a voting machine rather than a weighing machine. It responds to factual data not directly, but only as they affect the decisions of buyers and sellers. Note that neither of the passages written by Graham and Dodd mentioned the key distinction between short-term and long-term.
Feb 7, 2014 · in the long term [the stock market] is a weighing machine. In the long run which in value investing time can extend to even multiple decades, an equity is more or less subject only to the variance of the underlying value. This can be seen by examining the annual chart of even the smallest cap equities over decades.
Feb 9, 2024 · 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.
Feb 6, 2021 · Always keep in mind: “Investing involves risk of loss” #stocks #stockmarket #benjamingraham. In the short term, the market is a voting machine, in the long-term, it is a weighting...
- 12 min
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- Value Investing with Sven Carlin, Ph.D.
Jun 20, 2018 · We will use the paradox of the voting machine versus the weighing machine to understand Munger’s comments. The voting machine is a short-term scoreboard of how investors feel about the...
Feb 19, 2017 · The voting machine is about being popular, about how many people who know, about who follows you on social media. The weighing machine is about substance, about what difference and impact you are having in your community.
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Is the market a voting machine or a weighing machine?
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Feb 20, 2023 · In this investment article, Gary Connolly, Investment Director at Davy discusses how the stock market can behave as an electoral contest in the short term and a weighing machine in the long run.
