--- title: "Meaning & Key Takeaway of: It turns out that value investing is…" description: "\"It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and th..." image: "https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png" --- # It turns out that value investing is something that is in… ![“It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic.” quote by Seth Klarman](https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png) [Download](https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png) [Open image](https://sms4smile.com/quotes/i/f65/seth-klarman-1979_blood_it-turns-out-that-value-investing-is-som_644558.png) > “It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic.” [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. Value investing requires deep patience and discipline, traits that seem innate for some and absent for others. **In simple terms:** Value investing needs patience and discipline. Key Takeaway Cultivate patience, study fundamentals. Themes finance psychology investment discipline Mood reflective analytical Type advice philosophical When to use this quote - personal finance - portfolio management - long‑term investing - wealth building Key Concepts behavioral finance genetics risk tolerance Questions to Reflect On - Can you improve your patience for investing? - What habits foster disciplined decision‑making? A Different Perspective Not everyone can develop the required temperament; market conditions change. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Discipline](https://sms4smile.com/quotes/about/discipline/) [Investing](https://sms4smile.com/quotes/about/investing/) [Patience](https://sms4smile.com/quotes/about/patience/) [People](https://sms4smile.com/quotes/about/people/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [“One of the most common areas where we fail is when we begin to think that genetic make-up of a person determines how far…](https://sms4smile.com/quotes/israelmore-ayivor/one-of-the-most-common-areas-where-we-fail-is-when-we-begin-to-think/) [Israelmore Ayivor](https://sms4smile.com/quotes/author/israelmore-ayivor/) > [I'm not a doctor or scientist. I'm just a mom. But I do think there's a genetic predisposition, and there are environmental triggers. 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I think that's our genetic potential.](https://sms4smile.com/quotes/john-mackey/i-really-think-people-should-live-to-be-100-years-old-pretty-much/) [John Mackey](https://sms4smile.com/quotes/author/john-mackey/) > [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/) > [Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their…](https://sms4smile.com/quotes/seth-klarman/value-investing-is-the-discipline-of-buying-shares-at-a-significant/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models…](https://sms4smile.com/quotes/seth-klarman/value-investing-is-simple-to-understand-but-difficult-to-implement/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Value investing by its very nature is contrarian.](https://sms4smile.com/quotes/seth-klarman/value-investing-by-its-very-nature-is-contrarian/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is either absorbed…](https://sms4smile.com/quotes/seth-klarman/as-buffett-has-often-observed-value-investing-is-not-a-concept-that/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need…](https://sms4smile.com/quotes/seth-klarman/while-some-might-mistakenly-consider-value-investing-a-mechanical/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline](https://sms4smile.com/quotes/seth-klarman/i-find-value-investing-to-be-a-stimulating-intellectually-challenging/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the…](https://sms4smile.com/quotes/seth-klarman/it-is-crucial-to-have-a-strategy-in-place-before-problems-hit/) [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/) > [It is important to remember that value investing is not a perfect science. 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/) > [Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is…](https://sms4smile.com/quotes/seth-klarman/warren-buffett-once-wrote-that-value-investing-is-like-an-inoculation/) [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/) ## 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. They are blissfully unaware of adverse selection and moral hazard. 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