Underlying Value Quotes
- 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… — Seth Klarman
- 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… — Seth Klarman
- 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… — Seth Klarman
- 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… — Benjamin Graham