“In a world in which most investors appear interested in figuring out how to make money every second and chase the idea du jour, there's also something validating about the message that it's okay to do nothing and wait for opportunities to present themselves or to pay off. That's lonely and contrary a lot of the time, but reminding yourself that that's what it takes is quite helpful.”
Quote by Seth Klarman
Author
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
“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