Bad thing Quote by Seth Klarman
“Bad things happen, but really bad things do not. Do buy the dips, especially the lowest quality securities when they come under pressure, because declines will quickly be reversed.”
About This Quote
Source Book: Margin of Safety, 1991
Market downturns create buying chances, but only for high‑quality assets; low‑quality dips recover quickly.
In simple terms: Buy good securities during market dips.
Key Takeaway
Focus on quality when markets fall.
Themes
investment
value
risk
timing
Mood
cautious
analytical
Type
financial
educational
When to use this quote
- portfolio rebalancing
- stock selection
- risk management
Key Concepts
Behavioral finance
market cycles
Questions to Reflect On
- How do you assess security quality under pressure?
- When is a dip too deep to be safe?
A Different Perspective
Low‑quality buys can trap investors in prolonged losses.
