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Absence Quote by Seth Klarman

“The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.” quote by Seth Klarman
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“The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.”

Seth Klarman

About This Quote

Source Book: Margin of Safety by Seth Klarman, 1991

When market offers few good buys, it signals many opportunities to sell assets.

In simple terms: Few bargains mean many sellable assets.

Key Takeaway

Look for selling chances when buying is scarce.

Themes

investment market cycles valuation risk management

Mood

cautious analytical

Type

strategic advisory

When to use this quote

  • portfolio rebalancing
  • stock market analysis
  • selling overvalued holdings

Key Concepts

contrarian strategy opportunity cost asset allocation

Questions to Reflect On

  • How do you identify quality sell opportunities?
  • When should you hold cash instead of buying?
A Different Perspective

If there are no good buys, the market may be overvalued, limiting upside.

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