In Warren Buffett's 1993 shareholder letter, the legendary value investor cited this quote: "In the short run, the market is a voting machine [...] but in the long run, the market is a weighing machine." In other words, volatility is unavoidable. Given the recent market volatility, I think that quote is particularly timely. Read More...
In Warren Buffett’s 1993 shareholder letter, the legendary value investor cited this quote: “In the short run, the market is a voting machine […] but in the long run, the market is a weighing machine.” In other words, volatility is unavoidable. Given the recent market volatility, I think that quote is particularly timely.
