00:00When the stock is up 30% in a month, don't feel 30% smarter.
00:06Because when the stock is down 30% in a month, it's not going to feel so good to feel 30% dumber.
00:14And that's what happens.
00:15You know, the great quote that Warren Buffett brings up all the time,
00:19that Benjamin Graham said, which is, in the short run, the stock market is a voting machine.
00:26In the long run, it's a weighing machine.
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