--- title: "9 Underlying Value Quotes by 6 authors" description: "Browse 9 Underlying Value quotes by 6 authors. Discover the best Underlying Value sayings and thoughts." image: "https://sms4smile.com/quotes/i/bf1/tavares-strachan-31840_art_i-think-if-art-has-one-underlying-value_2717130.jpg" --- > [I think if art has one underlying value, it's that.](https://sms4smile.com/quotes/tavares-strachan/i-think-if-art-has-one-underlying-value-it-s-that/) [Tavares Strachan](https://sms4smile.com/quotes/author/tavares-strachan/) [Image](https://sms4smile.com/quotes/i/bf1/tavares-strachan-31840_art_i-think-if-art-has-one-underlying-value_2717130.jpg) > [Volatility is a symptom that people have no idea of the underlying value.](https://sms4smile.com/quotes/jeremy-grantham/volatility-is-a-symptom-that-people-have-no-idea-of-the-underlying-2/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) [Image](https://sms4smile.com/quotes/i/14e/jeremy-grantham-11433_customer_volatility-is-a-symptom-that-people-have_912940.png) > [The real underlying value comes if you can put a company back into a running state and it becomes a successful viable…](https://sms4smile.com/quotes/chanda-kochhar/the-real-underlying-value-comes-if-you-can-put-a-company-back-into-a/) [Chanda Kochhar](https://sms4smile.com/quotes/author/chanda-kochhar/) [Image](https://sms4smile.com/quotes/i/574/chanda-kochhar-2727_back_the-real-underlying-value-comes-if-you-c_2579060.png) > [A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with…](https://sms4smile.com/quotes/benjamin-graham/a-stock-is-not-just-a-ticker-symbol-or-an-electronic-blip-it-is-an/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) [Image](https://sms4smile.com/quotes/i/aa9/benjamin-graham-1531_business_a-stock-is-not-just-a-ticker-symbol-or-a_1993645.jpg) > [The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and earnings.](https://sms4smile.com/quotes/john-c-bogle/the-market-is-often-stupid-but-you-can-t-focus-on-that-focus-on-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Image](https://sms4smile.com/quotes/i/e59/john-c-bogle-2199_customer_the-market-is-often-stupid-but-you-can-t_2794992.jpg) > [Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not…](https://sms4smile.com/quotes/jeremy-grantham/volatility-is-a-symptom-that-people-have-no-idea-of-the-underlying/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) [Image](https://sms4smile.com/quotes/i/d8c/jeremy-grantham-11433_assets_volatility-is-a-symptom-that-people-have_541542.png) > [Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator…](https://sms4smile.com/quotes/seth-klarman/value-in-relation-to-price-not-price-alone-must-determine-your/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/a13/seth-klarman-1979_creator_value-in-relation-to-price-not-price-alo_2652881.png) > [A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad…](https://sms4smile.com/quotes/seth-klarman/a-margin-of-safety-is-achieved-when-securities-are-purchased-at/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/a7a/seth-klarman-1979_bad-luck_a-margin-of-safety-is-achieved-when-secu_2707625.png) > [Investors should pay attention not only to whether but also to why current holdings are undervalued. It is critical to know why…](https://sms4smile.com/quotes/seth-klarman/investors-should-pay-attention-not-only-to-whether-but-also-to-why/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/de6/seth-klarman-1979_attention_investors-should-pay-attention-not-only_601683.jpg) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/underlying-value/#itemlist", "name": "Underlying Value Quotes", "numberOfItems": 9, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "I think if art has one underlying value, it's that.", "creator": { "@type": "Person", "name": "Tavares Strachan" }, "url": "https://sms4smile.com/quotes/tavares-strachan/i-think-if-art-has-one-underlying-value-it-s-that/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bf1/tavares-strachan-31840_art_i-think-if-art-has-one-underlying-value_2717130.jpg", "contentUrl": "https://sms4smile.com/quotes/i/bf1/tavares-strachan-31840_art_i-think-if-art-has-one-underlying-value_2717130.jpg", "url": "https://sms4smile.com/quotes/i/bf1/tavares-strachan-31840_art_i-think-if-art-has-one-underlying-value_2717130.jpg", "width": 1080, "height": 1080, "caption": "“I think if art has one underlying value, it's that.” — Tavares Strachan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Volatility is a symptom that people have no idea of the underlying value.", "creator": { "@type": "Person", "name": "Jeremy Grantham" }, "url": "https://sms4smile.com/quotes/jeremy-grantham/volatility-is-a-symptom-that-people-have-no-idea-of-the-underlying-2/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/14e/jeremy-grantham-11433_customer_volatility-is-a-symptom-that-people-have_912940.png", "contentUrl": "https://sms4smile.com/quotes/i/14e/jeremy-grantham-11433_customer_volatility-is-a-symptom-that-people-have_912940.png", "url": "https://sms4smile.com/quotes/i/14e/jeremy-grantham-11433_customer_volatility-is-a-symptom-that-people-have_912940.png", "width": 1080, "height": 1080, "caption": "“Volatility is a symptom that people have no idea of the underlying value.” — Jeremy Grantham", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "The real underlying value comes if you can put a company back into a running state and it becomes a successful viable entity if it continues to repay loans.", "creator": { "@type": "Person", "name": "Chanda Kochhar" }, "url": "https://sms4smile.com/quotes/chanda-kochhar/the-real-underlying-value-comes-if-you-can-put-a-company-back-into-a/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/574/chanda-kochhar-2727_back_the-real-underlying-value-comes-if-you-c_2579060.png", "contentUrl": "https://sms4smile.com/quotes/i/574/chanda-kochhar-2727_back_the-real-underlying-value-comes-if-you-c_2579060.png", "url": "https://sms4smile.com/quotes/i/574/chanda-kochhar-2727_back_the-real-underlying-value-comes-if-you-c_2579060.png", "width": 1080, "height": 1080, "caption": "“The real underlying value comes if you can put a company back into a running state and it becomes a…” — Chanda Kochhar", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.", "creator": { "@type": "Person", "name": "Benjamin Graham" }, "url": "https://sms4smile.com/quotes/benjamin-graham/a-stock-is-not-just-a-ticker-symbol-or-an-electronic-blip-it-is-an/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/aa9/benjamin-graham-1531_business_a-stock-is-not-just-a-ticker-symbol-or-a_1993645.jpg", "contentUrl": "https://sms4smile.com/quotes/i/aa9/benjamin-graham-1531_business_a-stock-is-not-just-a-ticker-symbol-or-a_1993645.jpg", "url": "https://sms4smile.com/quotes/i/aa9/benjamin-graham-1531_business_a-stock-is-not-just-a-ticker-symbol-or-a_1993645.jpg", "width": 1080, "height": 1080, "caption": "“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual…” — Benjamin Graham", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and earnings.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "url": "https://sms4smile.com/quotes/john-c-bogle/the-market-is-often-stupid-but-you-can-t-focus-on-that-focus-on-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e59/john-c-bogle-2199_customer_the-market-is-often-stupid-but-you-can-t_2794992.jpg", "contentUrl": "https://sms4smile.com/quotes/i/e59/john-c-bogle-2199_customer_the-market-is-often-stupid-but-you-can-t_2794992.jpg", "url": "https://sms4smile.com/quotes/i/e59/john-c-bogle-2199_customer_the-market-is-often-stupid-but-you-can-t_2794992.jpg", "width": 1080, "height": 1080, "caption": "“The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and…” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it's a company with certain attributes. They're buying because the price is rising. People are playing games not related to any concept at all of what the long-term value of the enterprise is. And they know it.", "creator": { "@type": "Person", "name": "Jeremy Grantham" }, "url": "https://sms4smile.com/quotes/jeremy-grantham/volatility-is-a-symptom-that-people-have-no-idea-of-the-underlying/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d8c/jeremy-grantham-11433_assets_volatility-is-a-symptom-that-people-have_541542.png", "contentUrl": "https://sms4smile.com/quotes/i/d8c/jeremy-grantham-11433_assets_volatility-is-a-symptom-that-people-have_541542.png", "url": "https://sms4smile.com/quotes/i/d8c/jeremy-grantham-11433_assets_volatility-is-a-symptom-that-people-have_541542.png", "width": 1080, "height": 1080, "caption": "“Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the…” — Jeremy Grantham", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/value-in-relation-to-price-not-price-alone-must-determine-your/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a13/seth-klarman-1979_creator_value-in-relation-to-price-not-price-alo_2652881.png", "contentUrl": "https://sms4smile.com/quotes/i/a13/seth-klarman-1979_creator_value-in-relation-to-price-not-price-alo_2652881.png", "url": "https://sms4smile.com/quotes/i/a13/seth-klarman-1979_creator_value-in-relation-to-price-not-price-alo_2652881.png", "width": 1080, "height": 1080, "caption": "“Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/a-margin-of-safety-is-achieved-when-securities-are-purchased-at/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a7a/seth-klarman-1979_bad-luck_a-margin-of-safety-is-achieved-when-secu_2707625.png", "contentUrl": "https://sms4smile.com/quotes/i/a7a/seth-klarman-1979_bad-luck_a-margin-of-safety-is-achieved-when-secu_2707625.png", "url": "https://sms4smile.com/quotes/i/a7a/seth-klarman-1979_bad-luck_a-margin-of-safety-is-achieved-when-secu_2707625.png", "width": 1080, "height": 1080, "caption": "“A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "Investors should pay attention not only to whether but also to why current holdings are undervalued. It is critical to know why you have made an investment and to sell when the reason for owning it no longer applies. Look for investments with catalysts that may assist directly in the realization of underlying value. Give reference to companies having good managements with a personal financial stake in the business. Finally, diversify your holdings and hedge when it is financially attractive to do so.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/investors-should-pay-attention-not-only-to-whether-but-also-to-why/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/de6/seth-klarman-1979_attention_investors-should-pay-attention-not-only_601683.jpg", "contentUrl": "https://sms4smile.com/quotes/i/de6/seth-klarman-1979_attention_investors-should-pay-attention-not-only_601683.jpg", "url": "https://sms4smile.com/quotes/i/de6/seth-klarman-1979_attention_investors-should-pay-attention-not-only_601683.jpg", "width": 1080, "height": 1080, "caption": "“Investors should pay attention not only to whether but also to why current holdings are undervalued. It is…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/underlying-value/#webpage", "url": "https://sms4smile.com/quotes/about/underlying-value/", "name": "Underlying Value Quotes", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/underlying-value/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/bf1/tavares-strachan-31840_art_i-think-if-art-has-one-underlying-value_2717130.jpg" }, "description": "Browse 9 Underlying Value quotes by 6 authors. Discover the best Underlying Value sayings and thoughts.", "breadcrumb": { "@id": "https://sms4smile.com/quotes/about/underlying-value/#breadcrumb" } }, { "@type": "BreadcrumbList", "@id": "https://sms4smile.com/quotes/about/underlying-value/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Topics", "item": "https://sms4smile.com/quotes/categories/" }, { "@type": "ListItem", "position": 4, "name": "Underlying Value Quotes", "item": "https://sms4smile.com/quotes/about/underlying-value/" } ] }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```