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Appraisal Quote by Seth Klarman

“When a stock is selling at a discount to liquidation value per share, a near rock-bottom appraisal, it is frequently an attractive investment.” quote by Seth Klarman
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“When a stock is selling at a discount to liquidation value per share, a near rock-bottom appraisal, it is frequently an attractive investment.”

Seth Klarman

About This Quote

Source Book: Margin of Safety, Seth Klarman, 1991

Buying undervalued stocks near liquidation can be a good investment.

In simple terms: Buy cheap, distressed assets wisely.

Key Takeaway

Seek value in distressed assets.

Themes

finance value investing risk

Mood

analytical pragmatic

Type

financial educational

When to use this quote

  • stock analysis
  • portfolio diversification
  • turnaround investing
  • risk assessment

Key Concepts

contrarian investing market inefficiencies

Questions to Reflect On

  • What criteria define a true discount?
  • How do you manage downside risk?
A Different Perspective

Distressed assets may never recover, leading to loss.

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