The Stock Market

By: ispeculatornew
Date posted: 04.17.2014 (4:15 am) | Write a Comment  (0 Comments)

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Benjamin_Graham_3007The other day I ran across this quote which is one of my favorite ones about the markets:

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
― Benjamin Graham

I strongly believe in that concept. One clear question though is what the “short run” represents. I’d argue that over  few days or even a few weeks, stocks move mostly based on how “popular” they are but if a stock stays “out-of-value” for too long, a longer term fund or asset manager will end up buying or taking a short position. That is partially what I try to do with my long & short stock picks. My USDP and long term speculative picks are much longer term in nature and depend almost entirely on the actual performance of those companies.

Any thoughts?

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