Alternatives Quote by Seth Klarman

“The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my…

— George Soros

The market likes to lull you into the false security of high success rate techniques, which often lose disastrously in the long run. The…

— William Eckhardt

“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

The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine…

— Benjamin Graham

“This is just another of an endless series of experiences over time that have demonstrated that the future of security prices is never predictable.”

— M.K. Gandhi

Selling, in particular, can be a challenge; many investors are tempted to become more optimistic when a security is performing well. This temptation must…

— Seth Klarman

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

— Seth Klarman

In an efficient market at any point in time the actual price of a security will be a good estimate of its intrinsic value.

— Eugene Fama

It is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that…

— Benjamin Graham

“Stay inquisitive. Question the potential interpretation of every collected data point. Remember that every successful idea has a life cycle, and a bad idea…

— Ken Goldstein

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences…

— Benjamin Graham

I have never compromised on fundamentals. I've always believed in focusing on creating value and not valuation.

— Bhavin Turakhia