“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” —Benjamin Graham
Mr. Market clearly did not feel that well today, taking down most of the stock market indices around the world. It remains to be seen what tomorrow has to offer. Until then, enjoy the reading (see link at the end of this post).
A great chapter to revisit and reread on a day like this is chapter 8—The Investor and Market Fluctuations—from the Intelligent Investor, written by Benjamin Graham back in 1949.
When asked what the best money advice he ever got was, it’s no surprise that Buffett turned to his holy bible, The Intelligent Investor, written in 1949 by value god Benjamin Graham.
“Chapters 8 and 20 have been the bedrock of my investing activities for more than 60 years,” he says. “I suggest that all investors read those chapters and reread them every time the market has been especially strong or weak.”
Click image below to start reading chapter 8 about Mr. Market from Benjamin Graham’s classic investment book The Intelligent Investor.