Quotessence
Home / Quotes / Quote by Seth Klarman

Quote by Seth Klarman

“Always remembering that we might be wrong, we must contemplate alternatives, concoct hedges, and search vigilantly for validation of our assessments. We always sell when a security's price begins to reflect full value, because we are never sure that our thesis will be precisely correct.”

Quote by Seth Klarman

Create image

Author

Seth Klarman
Seth Klarman

Seth Klarman is an American author and value investor, serving as the president of The Baupost Group, a Boston-based investment firm. He is renowned for his extensive contributions to the field of value investing and has authored several books on the subject, most notably 'Margin of Safety: Risk-Averse Investing Strategies for the Thoughtful Investor'. more

You May Also Like

“It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil.”

ProblemValuesEconomyStrategyInvestingBuyingGood TimesMapsCrucialTurmoilNavigateDiscountsRoad MapsBuying StocksFuture Direction
Author:Seth Klarman
Create image

“I never ask if the market is going to go up or down because I don't know, and besides it doesn't matter. I search nation after nation for stocks, asking: 'Where is the one that is lowest-priced in relation to what I believe it's worth?' Forty years of experience have taught me you can make money without ever knowing which way the market is going.”

IfsKnowsWayYearsBelieveMatterAsksI BelieveNationsKnowingTaughtRelationAskingMaking MoneyFortyLowestYears Of Experience
Author:John Templeton
Create image

“As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one's risk by spreading too much between enterprises about which one knows little and has no reason for special confidence. . . . One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.”

ThinkingKnowsFeelsBelieveLittlesTwoReasonThreeGivenMistakeToo MuchRiskSpecialGoes OnLimitsManagementMethodInvestmentConvincedEnterpriseNo ReasonEntitledTime Goes OnKnowledge And Experience
Author:John Maynard Keynes
Create image