Always wrong Quote by Seth Klarman
“Over the long run, the crowd is always wrong.”
About This Quote
Source Book: Margin of Safety, 1991, investment philosophy
He argues that majority opinion often leads to poor investment decisions.
In simple terms: Crowd opinion is usually wrong in investing.
Key Takeaway
Trust independent analysis over consensus.
Themes
investment
crowd behavior
contrarianism
Mood
cautious
analytical
Type
financial
strategic
When to use this quote
- stock selection
- portfolio construction
- financial planning
- market timing
Key Concepts
Market psychology
risk management
Questions to Reflect On
- When has the crowd been right?
- How do you identify true market signals?
A Different Perspective
May ignore cases where consensus is correct.
