--- title: "Meaning & Key Takeaway of: When you buy bargains and they become…" description: "\"When you buy bargains and they become better bargains, it is easy to start to question yourself, which can impair your judgement. Real or imagined conc..." image: "https://sms4smile.com/quotes/i/b2c/seth-klarman-1979_bargains_when-you-buy-bargains-and-they-become-be_1272293.jpg" --- # When you buy bargains and they become better bargains, it… ![“When you buy bargains and they become better bargains, it is easy to start to question yourself, which can impair your judgement. Real or imagined concerns about client redemptions, employee defections can greatly influence behavior away from rational.” quote by Seth Klarman](https://sms4smile.com/quotes/i/b2c/seth-klarman-1979_bargains_when-you-buy-bargains-and-they-become-be_1272293.jpg) [Download](https://sms4smile.com/quotes/i/b2c/seth-klarman-1979_bargains_when-you-buy-bargains-and-they-become-be_1272293.jpg) [Open image](https://sms4smile.com/quotes/i/b2c/seth-klarman-1979_bargains_when-you-buy-bargains-and-they-become-be_1272293.jpg) > “When you buy bargains and they become better bargains, it is easy to start to question yourself, which can impair your judgement. Real or imagined concerns about client redemptions, employee defections can greatly influence behavior away from rational.” [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. Bargain hunting can trigger self‑doubt, causing irrational decisions about client or employee actions. **In simple terms:** Bargains may spark paranoia. Key Takeaway Question instincts before acting. Themes finance investment psychology decision‑making Mood analytical reflective Type financial psychological When to use this quote - portfolio reviews - client meetings - team discussions Key Concepts cognitive bias risk perception behavioral finance Questions to Reflect On - How do you balance caution with opportunity? - What checks prevent bias in investment choices? A Different Perspective Overemphasis on bargains can ignore broader market trends. ★ ★ ★ ★ ★ No ratings yet [Bargains](https://sms4smile.com/quotes/about/bargains/) [Behavior](https://sms4smile.com/quotes/about/behavior/) [Employee](https://sms4smile.com/quotes/about/employee/) [Influence](https://sms4smile.com/quotes/about/influence/) [Judgement](https://sms4smile.com/quotes/about/judgement/) [Negotiation](https://sms4smile.com/quotes/about/negotiation/) [Redemption](https://sms4smile.com/quotes/about/redemption/) ## Related quotes > [There are only a few things investors can do to counteract risk: diversify adequately, hedge when appropriate, and invest with a margin of safety.…](https://sms4smile.com/quotes/seth-klarman/there-are-only-a-few-things-investors-can-do-to-counteract-risk/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Generally, the greater the stigma or revulsion, the better the bargain.](https://sms4smile.com/quotes/seth-klarman/generally-the-greater-the-stigma-or-revulsion-the-better-the-bargain/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to our clients…](https://sms4smile.com/quotes/seth-klarman/as-value-investors-our-business-is-to-buy-bargains-that-financial/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [If you are predisposed to be patient, disciplined and psychologically appreciate the idea of buying bargains, then you're likely to be good at it.…](https://sms4smile.com/quotes/seth-klarman/if-you-are-predisposed-to-be-patient-disciplined-and-psychologically/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Limit risk with: Deep analysis Bargain purchase Sensitivity analysis.](https://sms4smile.com/quotes/seth-klarman/limit-risk-with-deep-analysis-bargain-purchase-sensitivity-analysis/) [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/) > [Typically, we make money when we buy things. We count the profits later, but we know we have captured them when we buy the…](https://sms4smile.com/quotes/seth-klarman/typically-we-make-money-when-we-buy-things-we-count-the-profits-later/) [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/) > [One thing I want to emphasize is that, like any human being, we can discuss our view of the economy and the market. Fortunately…](https://sms4smile.com/quotes/seth-klarman/one-thing-i-want-to-emphasize-is-that-like-any-human-being-we-can/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much…](https://sms4smile.com/quotes/seth-klarman/the-near-absence-of-bargains-works-as-a-reverse-indicator-for-us-when/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.](https://sms4smile.com/quotes/warren-buffett/our-goal-is-to-find-an-outstanding-business-at-a-sensible-price-not-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [If you want something and don't get it, there are only two reasons. You either really didn't want it, or you tried to bargain…](https://sms4smile.com/quotes/rudyard-kipling/if-you-want-something-and-don-t-get-it-there-are-only-two-reasons-you/) [Rudyard Kipling](https://sms4smile.com/quotes/author/rudyard-kipling/) > [To love unconditionally requires no contracts, bargains or agreements.](https://sms4smile.com/quotes/marion-woodman/to-love-unconditionally-requires-no-contracts-bargains-or-agreements/) [Marion Woodman](https://sms4smile.com/quotes/author/marion-woodman/) > [You don't bargain with terrorists. You don't appease terrorists. And anybody who believes that this is about something we've done has to ask themselves…](https://sms4smile.com/quotes/michael-chertoff/you-don-t-bargain-with-terrorists-you-don-t-appease-terrorists-and/) [Michael Chertoff](https://sms4smile.com/quotes/author/michael-chertoff/) > [I have thoroughly tried school-keeping, and found that my expenses were in proportion, or rather out of proportion, to my income,for I was obliged…](https://sms4smile.com/quotes/henry-david-thoreau/i-have-thoroughly-tried-school-keeping-and-found-that-my-expenses/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) ## 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?" And the answer is, "Gradually, and then suddenly." The impending fiscal crisis in the…](https://sms4smile.com/quotes/seth-klarman/there-is-an-old-saying-how-did-you-go-bankrupt-and-the-answer-is/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [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/) > [Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.](https://sms4smile.com/quotes/seth-klarman/ultimately-nothing-should-be-more-important-to-investors-than-the/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [The best protection against risk is knowing what you are doing.](https://sms4smile.com/quotes/seth-klarman/the-best-protection-against-risk-is-knowing-what-you-are-doing/) [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/) > [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/) > [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. Investors should never trust them.](https://sms4smile.com/quotes/seth-klarman/ratings-agencies-are-highly-conflicted-unimaginative-dupes-they-are/) [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/) [Explore all 193 Seth Klarman quotes ](https://sms4smile.com/quotes/author/seth-klarman/) ## More Bargains quotes > [I have thoroughly tried school-keeping, and found that my expenses were in proportion, or rather out of proportion, to my income,for I was obliged…](https://sms4smile.com/quotes/henry-david-thoreau/i-have-thoroughly-tried-school-keeping-and-found-that-my-expenses/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [You don't bargain with terrorists. You don't appease terrorists. And anybody who believes that this is about something we've done has to ask themselves…](https://sms4smile.com/quotes/michael-chertoff/you-don-t-bargain-with-terrorists-you-don-t-appease-terrorists-and/) [Michael Chertoff](https://sms4smile.com/quotes/author/michael-chertoff/) > [To love unconditionally requires no contracts, bargains or agreements.](https://sms4smile.com/quotes/marion-woodman/to-love-unconditionally-requires-no-contracts-bargains-or-agreements/) [Marion Woodman](https://sms4smile.com/quotes/author/marion-woodman/) > [If you want something and don't get it, there are only two reasons. You either really didn't want it, or you tried to bargain…](https://sms4smile.com/quotes/rudyard-kipling/if-you-want-something-and-don-t-get-it-there-are-only-two-reasons-you/) [Rudyard Kipling](https://sms4smile.com/quotes/author/rudyard-kipling/) > [Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.](https://sms4smile.com/quotes/warren-buffett/our-goal-is-to-find-an-outstanding-business-at-a-sensible-price-not-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [What we shouldn't be doing is trying to take away your rights to bargain for better wages or working conditions... These so-called "right to…](https://sms4smile.com/quotes/barack-obama/what-we-shouldn-t-be-doing-is-trying-to-take-away-your-rights-to/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I would prefer to remain in prison for another 20 years than bargain my beliefs for freedom.](https://sms4smile.com/quotes/samir-geagea/i-would-prefer-to-remain-in-prison-for-another-20-years-than-bargain/) Samir Geagea > [Let us not envy some men their accumulated riches; their burden would be too heavy for us; we could not sacrifice, as they do,…](https://sms4smile.com/quotes/jean-de-la-bruyere/let-us-not-envy-some-men-their-accumulated-riches-their-burden-would/) [Jean de la Bruyere](https://sms4smile.com/quotes/author/jean-de-la-bruyere/) > [Off-the-rack solutions, like bargain basement dresses, never fit anymore.](https://sms4smile.com/quotes/francoise-giroud/off-the-rack-solutions-like-bargain-basement-dresses-never-fit-anymore/) [Francoise Giroud](https://sms4smile.com/quotes/author/francoise-giroud/) > [The natives are very exact and punctual in the bounds of their lands, belonging to this or that prince or people, even to a…](https://sms4smile.com/quotes/roger-williams/the-natives-are-very-exact-and-punctual-in-the-bounds-of-their-lands/) [Roger Williams](https://sms4smile.com/quotes/author/roger-williams/) > [“Employment bargains your life and time for a piece of currency”](https://sms4smile.com/quotes/sunday-adelaja/employment-bargains-your-life-and-time-for-a-piece-of-currency/) [Sunday Adelaja](https://sms4smile.com/quotes/author/sunday-adelaja/) > [Community colleges are great bargains. They avoid the fancy amenities four-year liberal arts colleges need in order to lure the children of the middle…](https://sms4smile.com/quotes/robert-reich/community-colleges-are-great-bargains-they-avoid-the-fancy-amenities/) [Robert Reich](https://sms4smile.com/quotes/author/robert-reich/) > [I'm a bargain shopper.](https://sms4smile.com/quotes/cheyenne-kimball/i-m-a-bargain-shopper/) [Cheyenne Kimball](https://sms4smile.com/quotes/author/cheyenne-kimball/) > [Leisure is gone,--gone where the spinning-wheels are gone, and the pack-horses, and the slow wagons, and the peddlers, who brought bargains to the door…](https://sms4smile.com/quotes/george-eliot/leisure-is-gone-gone-where-the-spinning-wheels-are-gone-and-the-pack/) [George Eliot](https://sms4smile.com/quotes/author/george-eliot/) > [Every man ought to be in love a few times in his life, and to have a smart attack of the fever. You are…](https://sms4smile.com/quotes/william-makepeace-thackeray/every-man-ought-to-be-in-love-a-few-times-in-his-life-and-to-have-a/) [William Makepeace Thackeray](https://sms4smile.com/quotes/author/william-makepeace-thackeray/) [Browse all 262 Bargains quotes ](https://sms4smile.com/quotes/about/bargains/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "When you buy bargains and they become better bargains, it is easy to start to question yourself, which can impair your judgement. 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