"Targeting investment returns leads investors to focus on……" — Seth Klarman
"Targeting investment returns leads investors to focus on potential upside rather on downside risk ... rather than targeting a desired rate of return, even an eminently reasonable one, investors should target risk."
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Seth Klarman
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50 Quotes by Seth Klarman
Seth Klarman has 50 quotes on this site.
A few more worth reading:
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Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed…
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Sometimes buying early on the way down looks like being wrong, but it isn't.
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While it might seem that anyone can be a value investor, the essential characteristics of this type of investor-patience, discipline,…
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The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both…
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Generally, the greater the stigma or revulsion, the better the bargain.
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Investing is the intersection of economics and psychology.
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Value investing is at its core the marriage of a contrarian streak and a calculator.
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While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy…
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Investing today may well be harder than it has been at any time in our three decades of existence,
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If you can remember that stocks aren't pieces of paper that gyrate all the time --they are fractional interests in…
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Almost every financial blow up is because of leverage,
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The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent,
See all 50 quotes by Seth Klarman »
More Desired Quotes
This quote is filed under Desired Quotes,
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No doubt unity is something to be desired, to be striven for, but it cannot be willed into being by…
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As far as I knew white women were never lonely, except in books. White men adored them, Black men desired…
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You must picture me alone in that room in Magdalen, night after night, feeling, whenever my mind lifted even for…
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Creative power is that receptive attitude of expectancy which makes a mold into which the plastic yet undifferentiated substance can…
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A state of expectancy is a great assetl; a state of uncertainty-one moment thinking "perhaps" and the next moment thinking…
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... we believe in the vocation of communion and participation of our people, who day to day awaken to their…
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In the light of eternity we shall see that what we desired would have been fatal to us, and that…
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Peace, above all things, is to be desired, but blood must sometimes be spilled to obtain it on equable and…
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Rhythm, symmetry, and a happy combination of elegance and utility - a blend often desired in later days of hope…
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All who call on God in true faith, earnestly from the heart, will certainly be heard, and will receive what…
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