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.”
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.
Look for selling chances when buying is scarce.
Themes
Mood
Type
When to use this quote
- portfolio rebalancing
- stock market analysis
- selling overvalued holdings
Key Concepts
Questions to Reflect On
- How do you identify quality sell opportunities?
- When should you hold cash instead of buying?
If there are no good buys, the market may be overvalued, limiting upside.