A Quote by Benjamin Graham
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
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In the short-run, the market is a voting
machine - reflecting a voter-registration test that requires only
money, not intelligence or emotional stability - but in the long-
run, the market is a weighing machine.
In other words, the market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism, in accordance with its specific qualities. Rather should we say that the market is a voting machine, whereon countless individuals register choices which are the product partly of reason and partly of emotion.
When God made man the devil was at his elbow. A creature that can do anything. Make a machine. And a machine to make the machine. And evil that can run itself a thousand years, no need to tend it.
Machine makers always run the risk of becoming totally machine.
An idealist believes the short run doesn't count. A cynic believes the long run doesn't matter. A realist believes that what is done or left undone in the short run determines the long run.
Few people wear out before their time. Mostly they rust out, worry out, run out - spill out. A machine must have care and its different parts must be adjusted properly. No machine has ever approached the human machine. When it is right, it is in health.
Trees and clean energy [are] the long-run solution but we have no time to wait for the long run. We need a short-run solution now, and one that encourages and facilitates the transition to the long-run solution.
If all individuals were conditioned to machine efficiency in the performance of their duties there would have to be at least one person outside the machine to give the necessary orders; if the machine absorbed or eliminated all those outside the machine, the machine will slow down and stop forever.
Who is all-powerful in the world? Who is most dreadful in the world? The machine. Who is most fair, most wealthy, and all-wise? The machine. What is the earth? A machine. What is the sky? A machine. What is man? A machine. A machine.
I think you have to find how the machine can work for you. That's what I mean by "attaching yourself to the machine," 'cause the machine is going to be there, and you can rage against the machine, which is cool, but there's ways that you can benefit off the machine if you're savvy enough and you're sharp enough, smart enough. We all got to live and eat.
God made us: invented us as a man invents an engine. A car is made to run on petrol, and it would not run properly on anything else. Now God designed the human machine to run on Himself.
We may find in the long run that tinned food is a deadlier weapon than the machine-gun.
My approach is to start from the straightforward principle that our body is a machine. A very complicated machine, but none the less a machine, and it can be subjected to maintenance and repair in the same way as a simple machine, like a car.
The urgent need today is to develop and support leaders on every level of government who are independent of the bossism of every political machine - the big-city machine, the liberal Democrat machine, and the Republican kingmaker machine.
Words and ideas work in the short run to get you through school and to impress educators and employers. But they do not work in the long run or in the deep run. We soon find ourselves separate and without wonder.
In the long run, all wrongs are righted, every minus is equalized with a plus, the columns are totaled and the totals are found correct. But that's in the long run. We must live in the short run and matters are often unjust there. The compensating for us of the universe makes all the accounts come out even, but they grind down the good as well as the wicked in the process.
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