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Business Quotes by Seth Klarman

11 Business quotes by Seth Klarman

All Business quotes Seth Klarman’s page

If you’ve ever wondered how a seasoned value investor frames the market, these eleven snippets from Seth Klarman give you a clear, no‑frills perspective. Each line cuts to the core of risk, patience, and strategic thinking, making it a handy reference for anyone looking to sharpen their business instincts.

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Individual and institutional investors alike frequently demonstrate an inability to make long-term investment decisions based on business fundamentals.

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I think Buffett is a better investor than me because he has a better eye toward what makes a great business. And…

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There's no such thing as a value company. Price is all that matters. At some price, an asset is a buy, at…

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Benjamin Graham wrote, "Those with enterprise haven't the money, and those with money haven't the enterprise, to buy stocks when they are…

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If you can remember that stocks aren't pieces of paper that gyrate all the time --they are fractional interests in businesses --…

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A simple rule applies: if you don't quickly comprehend what a company is doing, then management probably doesn't either.

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While knowing how to value businesses is essential for investment success, the first and perhaps most important step in the investment process…

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Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always…

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Value investors will not invest in businesses that they cannot readily understand or ones they find excessively risky. Hence few value investors…

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As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to…

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In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in…

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More by Seth Klarman

Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be…

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Because investors are not usually penalized for adhering to conventional practices, doing so is the less professionally risky strategy, even though it virtually guarantees…

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Value investing is risk aversion.

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Be focused on process and not outcome

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There is an old saying, "How did you go bankrupt?" And the answer is, "Gradually, and then suddenly." The impending fiscal crisis in the…

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In a rising market, everyone makes money and a value philosophy is unnecessary. But because there is no certain way to predict what the…

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Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.

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The best protection against risk is knowing what you are doing.

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Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is…

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It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience,…

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Value investing is at its core the marriage of a contrarian streak and a calculator.

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The avoidance of loss is the surest way to ensure a profitable outcome.

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