Values Quotes by Seth Klarman

Value investing is risk aversion.

— Seth Klarman

Value investing by its very nature is contrarian.

— Seth Klarman

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

— Seth Klarman

One must understand the importance of an endless drive to get information and seek value.

— Seth Klarman

Value investing is predicated on the efficient market hypothesis being wrong.

— Seth Klarman

Once you adopt a value-investment strategy, any other investment behavior starts to seem like gambling.

— Seth Klarman

I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline

— Seth Klarman

A value strategy is of little use to the impatient investor since it usually takes time to pay off.

— Seth Klarman

A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad…

— Seth Klarman

While it might seem that anyone can be a value investor, the essential characteristics of this type of investor-patience, discipline, and risk…

— Seth Klarman

When a stock is selling at a discount to liquidation value per share, a near rock-bottom appraisal, it is frequently an attractive…

— Seth Klarman

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

— Seth Klarman

To a value investor, investments come in three varieties: undervalued at one price, fairly valued at another price, and overvalued at still…

— Seth Klarman

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

— Seth Klarman

It turns out that value investing is something that is in your blood. There are people who just don't have the patience…

— Seth Klarman

I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon…

— Seth Klarman

Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator…

— Seth Klarman

While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes…

— Seth Klarman

To value investors the concept of indexing is at best silly and at worst quite hazardous. Warren Buffett has observed that "in…

— Seth Klarman

Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate…

— Seth Klarman

If an asset has cash flow or the likelihood of cash flow in the near term and is not purely dependment on…

— Seth Klarman

If you are predisposed to be patient, disciplined and psychologically appreciate the idea of buying bargains, then you're likely to be good…

— Seth Klarman

Always remembering that we might be wrong, we must contemplate alternatives, concoct hedges, and search vigilantly for validation of our assessments. We…

— Seth Klarman

Gold is unique because it has the age-old aspect of being viewed as a store of value. Nevertheless, it’s still a commodity…

— Seth Klarman

Warren Buffett is right when he says you should invest as if the market is going to be closed for the next…

— Seth Klarman

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

— Seth Klarman

One thing I want to emphasize is that, like any human being, we can discuss our view of the economy and the…

— Seth Klarman

In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.

— 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…

— Seth Klarman

When managers are afraid of redemptions, they get liquid. We all saw how many managers went from leveraged long in 2007 to…

— Seth Klarman

Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more…

— Seth Klarman

Value investors have to be patient and disciplined, but what I really think is you need not to be greedy. If you're…

— Seth Klarman

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

— Seth Klarman

Value investors should completely exit a security by the time it reaches full value; owning overvalued securities is the realm of speculators.

— Seth Klarman

As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is…

— Seth Klarman

The latest trade of a security creates a dangerous illusion that its market price approximates its true value. This mirage is especially…

— Seth Klarman

It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction…

— Seth Klarman

The strategy of buying what's in favor is a fool's errand, ensuring long-term underperformance. Only by standing against the prevailing winds -…

— Seth Klarman

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

— Seth Klarman

It's awful to have a depression, but it's a great thing to have a depression mentality because it means that we are…

— Seth Klarman