Customer Quote by Mohnish Pabrai

To be a value investor, you have to be willing [and able] to suffer pain.

— Jean-Marie Eveillard

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

— Seth Klarman

Nirvana, to a value investor, is paying a cheap price for a company that is growing in value every year at a nice rate…

— Whitney Tilson

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

— Seth Klarman

There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when…

— Joel Greenblatt

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

— Seth Klarman

Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries…

— Mohnish Pabrai

We take the traditional value investor's process and just flip it around a little bit. The traditional value investor asks 'Is this cheap?' and…

— David Einhorn

“statistical overvaluation is a funny thing – it can go on for a very long time, far beyond the limits of rationality, and it…

— Christopher Risso-gill

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

— Seth Klarman

I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls…

— James Chanos

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

— Seth Klarman