“[Shorter variant:] In the short run, the market is a voting machine but in the long run, it is a weighing machine.”

— Benjamin Graham

Quoted and attributed to Graham in Warren Buffett's 1993 letter to investors. https://www.berkshirehathaway.com/letters/1993.html<br>The statement is not found in any of Graham's publications or lecture transcripts, and when asked, Buffett could not provide a reference. https://www.bogleheads.org/forum/viewtopic.php?t=77840 <br class="br">Disputed

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Benjamin Graham64

American investor 1894–1976

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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.”

Benjamin Graham (1894–1976) American investor

Disputed

“Often people, especially computer engineers, focus on the machines. They think, "By doing this, the machine will run faster. By doing this, the machine will run more effectively. By doing this, the machine will something something something." They are focusing on machines. But in fact we need to focus on humans, on how humans care about doing programming or operating the application of the machines. We are the masters. They are the slaves.”

Yukihiro Matsumoto (1965) Japanese computer scientist

Yukihiro Matsumoto " The Philosophy of Ruby, A Conversation with Yukihiro Matsumoto, Part I http://www.artima.com/intv/ruby4.html" by Bill Venners on 2003-09-29 (Artima Developer).

“This administration is running like a fine-tuned machine.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2017, February

“Are you perchance running on a 64-bit machine?”

Larry Wall (1954) American computer programmer and author, creator of Perl

[199711102149.NAA16878@wall.org, 1997]
Usenet postings, 1997

“We are going to shoot them, they are going to run; We are going to shoot them, with the machine gun; They are going to run. You are a white man – We are going to hit them – and you are going to run! Shoot the Boer! We are going to hit them – they are going to run! The Cabinet will shoot them with the machine gun! The Cabinet will shoot them with the machine gun! Shoot the Boer!”

Jacob Zuma (1942) 4th President of South Africa

Singing to supporters at ANC celebrations in Bloemfontein on 8 January 2012, Is Jan van Riebeeck really the cause of all SA's misfortunes? http://www.politicsweb.co.za/news-and-analysis/is-jan-van-riebeeck-really-the-cause-of-all-sas-mi, Dave Steward (16 January 2015) <br class="br"> Jacob Zuma sings kill the Boer https://www.youtube.com/watch?v=Cb3MLHblnbQ, youtube

“Opus Dei is an efficient machine run to achieve world power.”

Penny Lernoux (1940–1989) American writer and journalist

People of God (1989).

“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.”

Sydney J. Harris (1917–1986) American journalist

Reader’s Digest (May 1979)

“Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 8, Democracy and the free market, p. 172
Context: Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle of 'one dollar, one vote'. Naturally, the former gives equal weight to each person, regardless of the money she/he has. The latter give greater weight to richer people. Therefore, democratic decisions usually subvert the logic of market.

“To try to be happy is to try to build a machine with no other specification than that it shall run noiselessly.”

Robert Oppenheimer (1904–1967) American theoretical physicist and professor of physics

Letter to his brother Frank (14 October 1929), published in Robert Oppenheimer : Letters and Recollections (1995) edited by Alice Kimball Smith, p. 136
Context: Everyone wants rather to be pleasing to women and that desire is not altogether, though it is very largely, a manifestation of vanity. But one cannot aim to be pleasing to women any more than one can aim to have taste, or beauty of expression, or happiness; for these things are not specific aims which one may learn to attain; they are descriptions of the adequacy of one's living. To try to be happy is to try to build a machine with no other specification than that it shall run noiselessly.

“Let it be remarked … that an important difference between the way in which we use the brain and the machine is that the machine is intended for many successive runs, either with no reference to each other, or with a minimal, limited reference, and that it can be cleared between such runs; while the brain, in the course of nature, never even approximately clears out its past records. Thus the brain, under normal circumstances, is not the complete analogue of the computing machine but rather the analogue of a single run on such a machine. We shall see later that this remark has a deep significance in psychopathology and in psychiatry.”

Norbert Wiener book Cybernetics: Or Control and Communication in the Animal and the Machine

V. Computing Machines and the Nervous System. p. 121.
Cybernetics: Or Control and Communication in the Animal and the Machine (1948)

“[Shorter variant:] In the short run, the market is a voting machine but in the long run, it is a weighing machine.”

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Benjamin Graham64

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