Quote by Howard Marks

“We're kidding ourselves if we think we can opt out of these decisions. Every policy the government adopts, and every individual choice you make,…

— Tim Harford

“If you've settled on the value approach to investing and come up with an intrinsic value for a security or asset, the next important…

— Howard Marks

Valuation is vague and arbitrary, when there is no assurance that it will be generally acquiesced in by others.

— Jean-Baptiste Say

Valuations are always much-debated. I try to center on what is the value to us. Is it solving a problems for us? If it…

— Peggy Johnson

“The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are…

— Benjamin Graham

Successful investors must temper the arrogance of taking a stand with a large dose of humility, accepting that despite their efforts and care, they…

— Seth Klarman

“I submit a body of facts which cannot be invalidated. My opinions may be doubted, denied, or approved, according as they conflict or agree…

— William Beaumont

The hardest thing over the years has been having the courage to go against the dominant wisdom of the time to have a view…

— Michael Steinhardt

Valuation is what people are willing to pay.

— Cameron Winklevoss

The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent,

— Seth Klarman

I think the opinion is worth less now than it ever has been.

— Vince Staples

A collection of errors does not make a truth: quality cannot stem from quantity – a value is not a weight. The reasons of…

— Alain de Benoist