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.”
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.
Seek value in distressed assets.
Themes
Mood
Type
When to use this quote
- stock analysis
- portfolio diversification
- turnaround investing
- risk assessment
Key Concepts
Questions to Reflect On
- What criteria define a true discount?
- How do you manage downside risk?
Distressed assets may never recover, leading to loss.