--- title: "Meaning & Key Takeaway of: I know of no long-time practitioner who…" description: "\"I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon this ..." image: "https://sms4smile.com/quotes/i/08e/seth-klarman-1979_abandon_i-know-of-no-long-time-practitioner-who_663440.png" --- # I know of no long-time practitioner who regrets adhering… ![“I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon this investment approach for another” quote by Seth Klarman](https://sms4smile.com/quotes/i/08e/seth-klarman-1979_abandon_i-know-of-no-long-time-practitioner-who_663440.png) [Download](https://sms4smile.com/quotes/i/08e/seth-klarman-1979_abandon_i-know-of-no-long-time-practitioner-who_663440.png) [Open image](https://sms4smile.com/quotes/i/08e/seth-klarman-1979_abandon_i-know-of-no-long-time-practitioner-who_663440.png) > “I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon this investment approach for another” [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Long‑term investors rarely regret value‑oriented philosophies; those who adopt them seldom abandon the approach. **In simple terms:** Value investing is a lasting, reliable strategy. Key Takeaway Stick with disciplined value investing for enduring success. Themes finance investment value discipline Mood practical cautious Type advisory inspirational When to use this quote - retirement planning - portfolio construction - financial advisory - wealth management Key Concepts risk management long‑term thinking market cycles Questions to Reflect On - Why do some investors abandon value investing? - How does discipline protect against market hype? A Different Perspective Market changes can test commitment to value principles. ★ ★ ★ ★ ★ No ratings yet [Abandon](https://sms4smile.com/quotes/about/abandon/) [Abandon Investment](https://sms4smile.com/quotes/about/abandon-investment-5282054/) [Approach](https://sms4smile.com/quotes/about/approach/) [Customer](https://sms4smile.com/quotes/about/customer/) [Embrace](https://sms4smile.com/quotes/about/embrace/) [Fundamental principles](https://sms4smile.com/quotes/about/fundamental-principles/) [Fundamentals](https://sms4smile.com/quotes/about/fundamentals/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Investors](https://sms4smile.com/quotes/about/investors/) [Knows](https://sms4smile.com/quotes/about/knows/) [Long](https://sms4smile.com/quotes/about/long/) [Long time](https://sms4smile.com/quotes/about/long-time/) [Philosophy](https://sms4smile.com/quotes/about/philosophy/) [Philosophy Investors](https://sms4smile.com/quotes/about/philosophy-investors-5282053/) [Practitioner Regrets](https://sms4smile.com/quotes/about/practitioner-regrets-5282052/) [Principles](https://sms4smile.com/quotes/about/principles/) [Principles Abandon](https://sms4smile.com/quotes/about/principles-abandon-5282055/) [Regret](https://sms4smile.com/quotes/about/regret/) [Value Philosophy](https://sms4smile.com/quotes/about/value-philosophy-1747696/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [In a rising market, everyone makes money and a value philosophy is unnecessary. But because there is no certain way to predict what the…](https://sms4smile.com/quotes/seth-klarman/in-a-rising-market-everyone-makes-money-and-a-value-philosophy-is/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [The philosopher believes that the value of his philosophy lies in the whole, in the building: posterity discovers it in the bricks with which…](https://sms4smile.com/quotes/friedrich-nietzsche/the-philosopher-believes-that-the-value-of-his-philosophy-lies-in-the/) [Friedrich Nietzsche](https://sms4smile.com/quotes/author/friedrich-nietzsche/) > [Warren Buffett is right when he says you should invest as if the market is going to be closed for the next five years.…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-is-right-when-he-says-you-should-invest-as-if-the/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Let each of us accept the truth of the following statement and try to make it our most fundamental principle: Christ's teaching will never…](https://sms4smile.com/quotes/vincent-de-paul/let-each-of-us-accept-the-truth-of-the-following-statement-and-try-to/) [Vincent de Paul](https://sms4smile.com/quotes/author/vincent-de-paul/) > [What is the structure of government that will best guard against the precipitate counsels and factious combinations for unjust purposes, without a sacrifice of…](https://sms4smile.com/quotes/james-madison/what-is-the-structure-of-government-that-will-best-guard-against-the/) [James Madison](https://sms4smile.com/quotes/author/james-madison/) > [Education belongs pre-eminently to the church ... neutral or lay schools from which religion is excluded are contrary to the fundamental principles of education.](https://sms4smile.com/quotes/pope-pius-xi/education-belongs-pre-eminently-to-the-church-neutral-or-lay-schools/) [Pope Pius XI](https://sms4smile.com/quotes/author/pope-pius-xi/) > [ It is one thing to be subordinate to the laws, and another \[for the Executive\] to be dependent on the legislative body. The first… ](https://sms4smile.com/quotes/alexander-hamilton/it-is-one-thing-to-be-subordinate-to-the-laws-and-another-for-the/) [Alexander Hamilton](https://sms4smile.com/quotes/author/alexander-hamilton/) > [One of the grand fundamental principles of Mormonism is to receive truth, let it come from whence it may.](https://sms4smile.com/quotes/joseph-smith-jr/one-of-the-grand-fundamental-principles-of-mormonism-is-to-receive/) [Joseph Smith, Jr](https://sms4smile.com/quotes/author/joseph-smith-jr/) > [The old fundamental principles must continue to apply, even in our changing society: Democracy knows neither master nor slave. Equal education opportunities for all,…](https://sms4smile.com/quotes/martin-schulz/the-old-fundamental-principles-must-continue-to-apply-even-in-our/) [Martin Schulz](https://sms4smile.com/quotes/author/martin-schulz/) > [Geometry, like arithmetic, requires for its logical development only a small number of simple, fundamental principles. 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In Newspeak there is no word for 'Science.'…](https://sms4smile.com/quotes/george-orwell/in-oceania-at-the-present-day-science-in-the-old-sense-has-almost/) [George Orwell](https://sms4smile.com/quotes/author/george-orwell/) > [Kantian ethical theory distinguishes three levels: First, that of a fundamental principle (the categorical imperative, formulated in three main ways in Kant's Groundwork); second,…](https://sms4smile.com/quotes/allen-w-wood/kantian-ethical-theory-distinguishes-three-levels-first-that-of-a/) [Allen W. Wood](https://sms4smile.com/quotes/author/allen-w-wood/) > [The Fundamental Principle that governs - or ought to govern -human affairs if we wish to avoid misunderstandings, conflicts, or pointless utopias, is negotiation.](https://sms4smile.com/quotes/umberto-eco/the-fundamental-principle-that-governs-or-ought-to-govern-human/) [Umberto Eco](https://sms4smile.com/quotes/author/umberto-eco/) > [ The fundamental principle \[of settlement work\] remains: that people shall take up their residence in industrial communities, giving what they may have of public… ](https://sms4smile.com/quotes/lillian-wald/the-fundamental-principle-of-settlement-work-remains-that-people/) [Lillian Wald](https://sms4smile.com/quotes/author/lillian-wald/) ## More by Seth Klarman > [Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be…](https://sms4smile.com/quotes/seth-klarman/unlike-return-however-risk-is-no-more-quantifiable-at-the-end-of-an/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Because investors are not usually penalized for adhering to conventional practices, doing so is the less professionally risky strategy, even though it virtually guarantees…](https://sms4smile.com/quotes/seth-klarman/because-investors-are-not-usually-penalized-for-adhering-to/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Value investing is risk aversion.](https://sms4smile.com/quotes/seth-klarman/value-investing-is-risk-aversion/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Be focused on process and not outcome](https://sms4smile.com/quotes/seth-klarman/be-focused-on-process-and-not-outcome/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [There is an old saying, "How did you go bankrupt?" 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It is an, with an ongoing need for judgment, refinement, patience,…](https://sms4smile.com/quotes/seth-klarman/it-is-important-to-remember-that-value-investing-is-not-a-perfect/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Value investing is at its core the marriage of a contrarian streak and a calculator.](https://sms4smile.com/quotes/seth-klarman/value-investing-is-at-its-core-the-marriage-of-a-contrarian-streak/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [The avoidance of loss is the surest way to ensure a profitable outcome.](https://sms4smile.com/quotes/seth-klarman/the-avoidance-of-loss-is-the-surest-way-to-ensure-a-profitable-outcome/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Do not suffer interim losses, relish and appreciate them](https://sms4smile.com/quotes/seth-klarman/do-not-suffer-interim-losses-relish-and-appreciate-them/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Ratings agencies are highly conflicted, unimaginative dupes. 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