引用格雷厄姆投票机和称重机的比喻
Stocks surge and swoon, seemingly untethered to any year-to-year buildup in their underlying value. Over time, however, Ben Graham’s oft-quoted maxim proves true: “In the short run, the market is a voting machine; in the long run, however, it becomes a weighing machine.”
股价涨涨跌跌，似乎并不被年复一年所累积的内在价值影响。然而，随着时间的推移，最终会发现格雷厄姆(Ben Graham)那句经常被引用的格言是正确的:“短期来看市场是投票机；长期来看市场是称重机。”