Quoted and attributed to Graham in Warren Buffett's 1993 letter to investors.https://www.berkshirehathaway.com/letters/1993.html
The statement is not found in any of Graham's publications or lecture transcripts, and when asked, Buffett could not provide a reference.https://www.bogleheads.org/forum/viewtopic.php?t=77840
The statement is not found in any of Graham's publications or lecture transcripts, and when asked, Buffett could not provide a reference.https://www.bogleheads.org/forum/viewtopic.php?t=77840
“
[Shorter variant:] In the short run, the market is a voting machine but in the long run, it is a weighing machine.
— Benjamin Graham
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "[Shorter variant:] In the short run, the market is a voting machine but in the long run, it is a weighing machine." in the context of "Quoted and attributed to Graham in Warren Buffett's 1993 letter to investors.https://www.berkshirehathaway.com/letters/1993.html
The statement is not found in any of Graham's publications or lecture transcripts, and when asked, Buffett could not provide a reference.https://www.bogleheads.org/forum/viewtopic.php?t=77840" to mean that wisdom is timeless.
Source: Wikiquote: "Benjamin Graham" (Disputed)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About Benjamin Graham
Benjamin Graham (May 9, 1894 – September 21, 1976) was an influential economist and professional investor. Graham is considered the first proponent of Value Investing. Well known disciples (students and teaching assistants) of Graham include Warren Buffett, William J. Ruane, Irving Kahn, Walter Schloss, and Charles Brandes. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons, Howard Graham Buffett and Thomas Graham Kahn, after him.
About Benjamin Graham
Benjamin Graham (May 9, 1894 – September 21, 1976) was an influential economist and professional investor. Graham is considered the first proponent of Value Investing. Well known disciples (students and teaching assistants) of Graham include Warren Buffett, William J. Ruane, Irving Kahn, Walter Schloss, and Charles Brandes. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons, Howard Graham Buffett and Thomas Graham Kahn, after him.
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