Part 1: Deep Learning And Long-Term Investing by John Alberg and Michael Seckler – Euclidean Technologies Management [klarman] Seventy-five years ago, Benjamin Graham – the father of security analysis – wrote that in the short run the market behaves like a voting machine, but over the long run it more closely resembles a weighing machine. Graham’s point was that fear, greed, and other emotions (the voting machine) can drive short-term market fluctuations which in turn cause disconnects between the price and true value of a company’s shares. Over long periods of time, however, the weighing machine kicks in as a company’s fundamentals…
Euclidean Technologies – Deep Learning And Long-Term Investing [Part 1]
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