Part 4/10:
Buffett articulates an intriguing concept: while the stock market can act as a “voting machine” influenced by sentiments and emotions in the short term, it also functions as a "weighing machine" over the long run, ultimately reflecting intrinsic value. Savvy investors can capitalize on negative market sentiment by viewing it as an opportunity to buy quality stocks at discounted prices. However, a fundamental hurdle exists: many investors succumb to fear, leading them to make irrational decisions during market volatility.