Buffett Quote by Seth Klarman
“As Graham, Dodd and Buffett have all said, you should always remember that you don't have to swing at every pitch. You can wait for opportunities that fit your criteria and if you don't find them, patiently wait. Deciding not to panic is still a decision.”
About This Quote
Source Book: Margin of Safety by Seth Klarman, 1991
Investors should be selective, waiting for opportunities that match their criteria rather than acting impulsively; patience is a strategic choice.
In simple terms: Wait for the right chance, don’t chase every opportunity.
Key Takeaway
Choose patience over panic.
Themes
investment
patience
decision‑making
risk management
Mood
cautious
analytical
Type
advisory
strategic
When to use this quote
- stock selection
- real‑estate deals
- venture capital
- personal finance
- portfolio rebalancing
Key Concepts
value investing
opportunity cost
behavioral finance
Questions to Reflect On
- Are your criteria too narrow?
- How do you balance patience with timely action?
A Different Perspective
Patience can lead to missed opportunities if criteria are too rigid.
![“There's a clarity that comes with great ideas: You can [easily and simply] explain why something's a great business, how and why it's cheap, why it's cheap for temporary reasons and how, on a normal basis, it should be trading at a much higher level. You're never sitting there on the 40th page of…” quote by Joel Greenblatt](https://sms4smile.com/quotes/img-quotes/ffb/joel-greenblatt-21588_agonizing_there-s-a-clarity-that-comes-with-great_467148.jpg)
