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Blog iconHowie Xu
Jan 2

The 2021 voting machine result on these stocks is out, but the jury is still out.

The father of value investing, Benjamin Graham, explained this concept by saying that in the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine--assessing the substance of a company. So what matters, in the long run, is only a company's underlying business performance and not the company’s market performance in the short run.Communication market performance (YTD as of Christmas 2021...

Howie Xu

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Howie Xu

Howie Xu is a silicon valley serial entrepreneur, technology company executive, angel investor, and guest lecturer at Stanford University.

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