“As Graham, Dodd and Buffett have all said, you should always remember that you don't have to swing at every pitch. You can wait for opportunities that fit your criteria and if you don't find them, patiently wait. Deciding not to panic is still a decision.”
Quote by Seth Klarman
Author
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“The essence of investment management is the management of risks, not the management of returns.”
“It is the duty of the long-term investor to endure great losses with equanimity.”
Source: The Intelligent Investor, Rev. Ed
“It's not supposed to be easy. Anyone who finds it easy is stupid.”
Source: Security Analysis: Principles and Techniques
Source: Security Analysis: Sixth Edition, Foreword by Warren Buffett
