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Quote by Seth Klarman

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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

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“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
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“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
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“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
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“You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map. You may find local companies that have nothing wrong with them at all. A company that I found, Western Insurance Securities, was trading for $3/share when it was earning $20/share!! I tried to buy up as much of it as possible. No one will tell you about these businesses. You have to find them.”

WayMayLittlesTurnsFoundCompanyShareRocksSecurityWesternLocalsMapsEarningTradingAnomalies
Author:Warren Buffett
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“Netflix, Amazon, iTunes - whatever platforms emerge - we are looking at as having the same potential that home video had for the movie business. Which means there are entirely new opportunities to monetize our capital investment in content and do so in ways that work for distributors, for consumers and for creators.”

WayMeanHomeOpportunityInvestmentCreatorVideoConsumersPlatformsAmazonNew OpportunityMovie BusinessNetflixDistributorsItunesCapital InvestmentHome Videos
Author:Bob Iger
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