--- title: "15 Value Investing Quotes By Seth Klarman" description: "15 Value Investing quotes by Seth Klarman. Plus more from Seth Klarman and more Value Investing sayings from other authors." image: "https://sms4smile.com/quotes/i/9ea/seth-klarman-1979_contrarian_value-investing-by-its-very-nature-is-co_999001.png" --- > [Value investing by its very nature is contrarian.](https://sms4smile.com/quotes/seth-klarman/value-investing-by-its-very-nature-is-contrarian/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/9ea/seth-klarman-1979_contrarian_value-investing-by-its-very-nature-is-co_999001.png) > [Value investing is risk aversion.](https://sms4smile.com/quotes/seth-klarman/value-investing-is-risk-aversion/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/64d/seth-klarman-1979_aversion_value-investing-is-risk-aversion-60005_60005.png) > [Value investing is predicated on the efficient market hypothesis being wrong.](https://sms4smile.com/quotes/seth-klarman/value-investing-is-predicated-on-the-efficient-market-hypothesis/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/4ce/seth-klarman-1979_being-wrong_value-investing-is-predicated-on-the-eff_2103412.png) > [Value investing is at its core the marriage of a contrarian streak and a calculator.](https://sms4smile.com/quotes/seth-klarman/value-investing-is-at-its-core-the-marriage-of-a-contrarian-streak/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/3ee/seth-klarman-1979_calculators_value-investing-is-at-its-core-the-marri_237128.png) > [I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline](https://sms4smile.com/quotes/seth-klarman/i-find-value-investing-to-be-a-stimulating-intellectually-challenging/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/26b/seth-klarman-1979_challenges_i-find-value-investing-to-be-a-stimulati_383810.png) > [Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more…](https://sms4smile.com/quotes/seth-klarman/value-investing-is-the-discipline-of-buying-shares-at-a-significant/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/a55/seth-klarman-1979_bargains_value-investing-is-the-discipline-of-buy_1415097.jpg) > [As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is…](https://sms4smile.com/quotes/seth-klarman/as-buffett-has-often-observed-value-investing-is-not-a-concept-that/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/1b4/seth-klarman-1979_adopted_as-buffett-has-often-observed-value-inve_752701.png) > [It turns out that value investing is something that is in your blood. There are people who just don't have the patience…](https://sms4smile.com/quotes/seth-klarman/it-turns-out-that-value-investing-is-something-that-is-in-your-blood/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png) > [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…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-once-wrote-that-value-investing-is-like-an-inoculation/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/a72/seth-klarman-1979_buffett_warren-buffett-once-wrote-that-value-inv_205819.jpg) > [While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes…](https://sms4smile.com/quotes/seth-klarman/while-some-might-mistakenly-consider-value-investing-a-mechanical/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/85a/seth-klarman-1979_analysis_while-some-might-mistakenly-consider-val_732916.png) > [Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate…](https://sms4smile.com/quotes/seth-klarman/value-investing-is-simple-to-understand-but-difficult-to-implement/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/773/seth-klarman-1979_attractive_value-investing-is-simple-to-understand_1411901.png) > [It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction…](https://sms4smile.com/quotes/seth-klarman/it-is-crucial-to-have-a-strategy-in-place-before-problems-hit/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/379/seth-klarman-1979_buying_it-is-crucial-to-have-a-strategy-in-plac_300745.png) > [Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able…](https://sms4smile.com/quotes/seth-klarman/value-investing-requires-a-great-deal-of-hard-work-unusually-strict/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/406/seth-klarman-1979_able_value-investing-requires-a-great-deal-of_3125496.png) > [Warren Buffett is right when he says you should invest as if the market is going to be closed for the next…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-is-right-when-he-says-you-should-invest-as-if-the/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/c2e/seth-klarman-1979_buffett_warren-buffett-is-right-when-he-says-you_1824450.png) > [It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment,…](https://sms4smile.com/quotes/seth-klarman/it-is-important-to-remember-that-value-investing-is-not-a-perfect/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) [Image](https://sms4smile.com/quotes/i/bc1/seth-klarman-1979_acting_it-is-important-to-remember-that-value-i_210395.jpg) ## Other authors on Value Investing ## 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…](https://sms4smile.com/quotes/seth-klarman/unlike-return-however-risk-is-no-more-quantifiable-at-the-end-of-an/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Because investors are not usually penalized for adhering to conventional practices, doing so is the less professionally risky strategy, even though it virtually guarantees…](https://sms4smile.com/quotes/seth-klarman/because-investors-are-not-usually-penalized-for-adhering-to/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Value investing is risk aversion.](https://sms4smile.com/quotes/seth-klarman/value-investing-is-risk-aversion/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Be focused on process and not outcome](https://sms4smile.com/quotes/seth-klarman/be-focused-on-process-and-not-outcome/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [There is an old saying, "How did you go bankrupt?" And the answer is, "Gradually, and then suddenly." The impending fiscal crisis in the…](https://sms4smile.com/quotes/seth-klarman/there-is-an-old-saying-how-did-you-go-bankrupt-and-the-answer-is/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [In a rising market, everyone makes money and a value philosophy is unnecessary. But because there is no certain way to predict what the…](https://sms4smile.com/quotes/seth-klarman/in-a-rising-market-everyone-makes-money-and-a-value-philosophy-is/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.](https://sms4smile.com/quotes/seth-klarman/ultimately-nothing-should-be-more-important-to-investors-than-the/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [The best protection against risk is knowing what you are doing.](https://sms4smile.com/quotes/seth-klarman/the-best-protection-against-risk-is-knowing-what-you-are-doing/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [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…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-once-wrote-that-value-investing-is-like-an-inoculation/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience,…](https://sms4smile.com/quotes/seth-klarman/it-is-important-to-remember-that-value-investing-is-not-a-perfect/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Value investing is at its core the marriage of a contrarian streak and a calculator.](https://sms4smile.com/quotes/seth-klarman/value-investing-is-at-its-core-the-marriage-of-a-contrarian-streak/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [The avoidance of loss is the surest way to ensure a profitable outcome.](https://sms4smile.com/quotes/seth-klarman/the-avoidance-of-loss-is-the-surest-way-to-ensure-a-profitable-outcome/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Do not suffer interim losses, relish and appreciate them](https://sms4smile.com/quotes/seth-klarman/do-not-suffer-interim-losses-relish-and-appreciate-them/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them.](https://sms4smile.com/quotes/seth-klarman/ratings-agencies-are-highly-conflicted-unimaginative-dupes-they-are/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the…](https://sms4smile.com/quotes/seth-klarman/it-is-crucial-to-have-a-strategy-in-place-before-problems-hit/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/value-investing/seth-klarman/#itemlist", "name": "15 Value Investing Quotes By Seth Klarman", "numberOfItems": 15, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Value investing by its very nature is contrarian.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": 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"https://sms4smile.com/quotes/seth-klarman/i-find-value-investing-to-be-a-stimulating-intellectually-challenging/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/26b/seth-klarman-1979_challenges_i-find-value-investing-to-be-a-stimulati_383810.png", "contentUrl": "https://sms4smile.com/quotes/i/26b/seth-klarman-1979_challenges_i-find-value-investing-to-be-a-stimulati_383810.png", "url": "https://sms4smile.com/quotes/i/26b/seth-klarman-1979_challenges_i-find-value-investing-to-be-a-stimulati_383810.png", "width": 1080, "height": 1080, "caption": "“I find value investing to be a stimulating, intellectually challenging, ever changing, and financially…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their value is realised. The element of a bargain is the key to the process.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/value-investing-is-the-discipline-of-buying-shares-at-a-significant/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a55/seth-klarman-1979_bargains_value-investing-is-the-discipline-of-buy_1415097.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a55/seth-klarman-1979_bargains_value-investing-is-the-discipline-of-buy_1415097.jpg", "url": "https://sms4smile.com/quotes/i/a55/seth-klarman-1979_bargains_value-investing-is-the-discipline-of-buy_1415097.jpg", "width": 1080, "height": 1080, "caption": "“Value investing is the discipline of buying shares at a significant discount from their current underlying…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is either absorbed and adopted at once, or it is never truly learned.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/as-buffett-has-often-observed-value-investing-is-not-a-concept-that/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1b4/seth-klarman-1979_adopted_as-buffett-has-often-observed-value-inve_752701.png", "contentUrl": "https://sms4smile.com/quotes/i/1b4/seth-klarman-1979_adopted_as-buffett-has-often-observed-value-inve_752701.png", "url": "https://sms4smile.com/quotes/i/1b4/seth-klarman-1979_adopted_as-buffett-has-often-observed-value-inve_752701.png", "width": 1080, "height": 1080, "caption": "“As Buffett has often observed, value investing is not a concept that can be learned and gradually applied…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/it-turns-out-that-value-investing-is-something-that-is-in-your-blood/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png", "contentUrl": "https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png", "url": "https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png", "width": 1080, "height": 1080, "caption": "“It turns out that value investing is something that is in your blood. There are people who just don't have…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "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 and how it works and why it works and show them the returns, either they get it or they don't.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/warren-buffett-once-wrote-that-value-investing-is-like-an-inoculation/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a72/seth-klarman-1979_buffett_warren-buffett-once-wrote-that-value-inv_205819.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a72/seth-klarman-1979_buffett_warren-buffett-once-wrote-that-value-inv_205819.jpg", "url": "https://sms4smile.com/quotes/i/a72/seth-klarman-1979_buffett_warren-buffett-once-wrote-that-value-inv_205819.jpg", "width": 1080, "height": 1080, "caption": "“Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/while-some-might-mistakenly-consider-value-investing-a-mechanical/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/85a/seth-klarman-1979_analysis_while-some-might-mistakenly-consider-val_732916.png", "contentUrl": "https://sms4smile.com/quotes/i/85a/seth-klarman-1979_analysis_while-some-might-mistakenly-consider-val_732916.png", "url": "https://sms4smile.com/quotes/i/85a/seth-klarman-1979_analysis_while-some-might-mistakenly-consider-val_732916.png", "width": 1080, "height": 1080, "caption": "“While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models to find attractive opportunities or assess underlying value. The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/value-investing-is-simple-to-understand-but-difficult-to-implement/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/773/seth-klarman-1979_attractive_value-investing-is-simple-to-understand_1411901.png", "contentUrl": "https://sms4smile.com/quotes/i/773/seth-klarman-1979_attractive_value-investing-is-simple-to-understand_1411901.png", "url": "https://sms4smile.com/quotes/i/773/seth-klarman-1979_attractive_value-investing-is-simple-to-understand_1411901.png", "width": 1080, "height": 1080, "caption": "“Value investing is simple to understand but difficult to implement. Value investors are not…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/it-is-crucial-to-have-a-strategy-in-place-before-problems-hit/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/379/seth-klarman-1979_buying_it-is-crucial-to-have-a-strategy-in-plac_300745.png", "contentUrl": "https://sms4smile.com/quotes/i/379/seth-klarman-1979_buying_it-is-crucial-to-have-a-strategy-in-plac_300745.png", "url": "https://sms4smile.com/quotes/i/379/seth-klarman-1979_buying_it-is-crucial-to-have-a-strategy-in-plac_300745.png", "width": 1080, "height": 1080, "caption": "“It is crucial to have a strategy in place before problems hit, precisely because no one can accurately…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/value-investing-requires-a-great-deal-of-hard-work-unusually-strict/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/406/seth-klarman-1979_able_value-investing-requires-a-great-deal-of_3125496.png", "contentUrl": "https://sms4smile.com/quotes/i/406/seth-klarman-1979_able_value-investing-requires-a-great-deal-of_3125496.png", "url": "https://sms4smile.com/quotes/i/406/seth-klarman-1979_able_value-investing-requires-a-great-deal-of_3125496.png", "width": 1080, "height": 1080, "caption": "“Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 14, "item": { "@type": "Quotation", "text": "Warren Buffett is right when he says you should invest as if the market is going to be closed for the next five years. The fundamental principles of value investing, if they make sense to you, can allow you to survive and prosper when everyone else is rudderless. We have a proven map with which to navigate. It sounds kind of crazy, but in times of turmoil in the market. I’ve felt a sort of serenity in knowing that if I’ve checked and rechecked my work, one plus one still equals two regardless of where a stock trades right after I buy it.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/warren-buffett-is-right-when-he-says-you-should-invest-as-if-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c2e/seth-klarman-1979_buffett_warren-buffett-is-right-when-he-says-you_1824450.png", "contentUrl": "https://sms4smile.com/quotes/i/c2e/seth-klarman-1979_buffett_warren-buffett-is-right-when-he-says-you_1824450.png", "url": "https://sms4smile.com/quotes/i/c2e/seth-klarman-1979_buffett_warren-buffett-is-right-when-he-says-you_1824450.png", "width": 1080, "height": 1080, "caption": "“Warren Buffett is right when he says you should invest as if the market is going to be closed for the next…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 15, "item": { "@type": "Quotation", "text": "It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience, and reflection. It requires endless curiosity, the relentless pursuit of additional information, the raising of questions, and the search for answers. It necessitates dealing with imperfect information - knowing you will never know everything and that that must not prevent you from acting. It requires a precarious balance between conviction, steadfastness in the face of adversity, and doubt - keeping in mind the possibility that you could be wrong.", "creator": { "@type": "Person", "name": "Seth Klarman" }, "url": "https://sms4smile.com/quotes/seth-klarman/it-is-important-to-remember-that-value-investing-is-not-a-perfect/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bc1/seth-klarman-1979_acting_it-is-important-to-remember-that-value-i_210395.jpg", "contentUrl": "https://sms4smile.com/quotes/i/bc1/seth-klarman-1979_acting_it-is-important-to-remember-that-value-i_210395.jpg", "url": "https://sms4smile.com/quotes/i/bc1/seth-klarman-1979_acting_it-is-important-to-remember-that-value-i_210395.jpg", "width": 1080, "height": 1080, "caption": "“It is important to remember that value investing is not a perfect science. It is an, with an ongoing need…” — Seth Klarman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/value-investing/seth-klarman/#webpage", "url": "https://sms4smile.com/quotes/about/value-investing/seth-klarman/", "name": "Value Investing Quotes by Seth Klarman", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/value-investing/seth-klarman/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/9ea/seth-klarman-1979_contrarian_value-investing-by-its-very-nature-is-co_999001.png" }, "description": "15 Value Investing quotes by Seth Klarman. 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