DAILY WALL STREET WISDOM · #024
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“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
🇺🇸Benjamin Graham
Father of Value Investing
WHO SAID IT
🇺🇸 Benjamin Graham
Father of Value Investing
WHAT IT MEANS
Short-term prices reflect popularity and sentiment, but over time, market prices converge to intrinsic value. This insight is the bedrock of value investing: buy undervalued assets and wait for the market to recognize their true worth.
fundamentals