Opher Ganel
Dec 22, 2023

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This reminds me of this gem: “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” ― Benjamin Graham

If the only reason the market dropped so much in a single day is a random bot event, that's a great opportunity to buy at a discount.

The problem, of course, is knowing that this is the case, which brings us back to Graham's quote. In the short term, the stock market may or may not be a great opportunity. In the long run, it's almost always a great opportunity.

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Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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