Warren Buffet paraphrased Benjamin Graham in his 1993 letter to his shareholders, writing:
"As Ben Graham said: 'In the short-run, the market is a voting
machine... but in the long-run, the market is a weighing
machine.'" This can make the stock market a bit crazy in the short term, but probably right on in the long run. But more importantly, peoples willingness to participate in the stock market is what gives it its value. It helps support our economy and gives businesses a way to access funds needed for growth. Similarly, the right to vote is something that is a core strength of the United States. It is something that has been fought for throughout our history. I hope everyone honors those who have fought to give us this right by exercising it today.
Elections may seem crazy in the short term, but in the long term, they are providing input that will be used to establish rules and systems we will all be living under going forward.
The more people who vote, who take the time to express how they want things to be; the better chance that their opinions will be heard.
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