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Seth Klarman

Seth Klarman Quotes

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Famous Seth Klarman Quotes

“Successful investors tend to be unemotional, allowing the greed and fear of others to play into their hands. By having confidence in their own analysis and judgement, they respond to market forces not with blind emotion but with calculated reason. Successful investors, for example, demonstrate caution in frothy markets and steadfast conviction in panicky ones. Indeed, the very way an investor views the market and it’s price fluctuations is a key factor in his or her ultimate investment success or failure.”

WayReasonPlayHandsForceViewsEmotionSuccessfulExampleKeysUltimateBlindInvestmentGreedConvictionFactorsAnalysisJudgementAllowingInvestorsCautionSteadfastSuccess Or FailureFluctuationInvestment SuccessSuccessful InvestingUnemotional
Author:Seth Klarman
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“Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.”

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“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. If you have a need for action, if you want to be involved in the new and exciting technological breakthroughs of our time, that's great, but you're not a value investor, and you shouldn't be one.”

IfsWantNeedsIdeasActionValuesInvolvedAppreciateExcitingPatientBe GoodOur TimeBuyingInvestorsTechnologicalBreakthroughBe PatientBargains
Author:Seth Klarman
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