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Pittsburg, Kansas | Ben Graham: In the long term the market is a weighing machine. In the short term the market is a voting machine.
His explanation and views on AI were excellent. I have not followed that market at all. Basically uneducated. At my age and financial position I'm more concerned about keeping what I have rather than needing to grow my portfolio. So I've basically tuned out of that growth market. But I was very interested to hear his views just for the educational value even if I'm not interested in being involved.
He sounds like Denninger about SpaceX. Fantasy expectations. And the wealth gap and younger generations not being able to afford housing.
The problem with taxing the rich and helping the poor through government intervention is that the poor becomes dependent rather than productive and the rich seek greener pastures. See Seattle and New York.
5 or 10 percent in precious metals. I'm waaaay over invested by his measure. Should only a small percentage of people follow his advice, I'll be very happy I am. Tiny market in a world sloshing in currency including crypto.
I'm in his camp on crypto, which probably means I'm wrong.
Lots of provocative thoughts. Which I like. Forces a person to think and evaluate his own positions on topics.
Not worried about my sperm count at 72. Got a great granddaughter nearing her first birthday so guess my grandsons doing ok in that respect. I don't think they were planning on it being that good, but that's another subject. But I do recognize it is a problem for a lot of couples. Better diet?
I better quit before I write a book.
Edit: he is a little too "green" for me on the rest of the interview. He may be as much of the problem as he is trying to be the cure.
Edited by John Burns 7/3/2026 13:27
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