“Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their value is realised. The element of a bargain is the key to the process.” ValuesProcessShareKeysDisciplineElementsInvestingCurrentsSignificantBuyingRealisedBargainsDiscounts Author:Seth Klarman
“Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.” MindLongHardAbleValuesTermDealsEffortWillingHard WorkDisciplineSucceedInvestmentInvestingLong TermSufficientHorizonInvestorsStrictFractionsMind Set Author:Seth Klarman
“By developing your discipline and courage, you can refuse to let other people's mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.” PeopleImportantEndsDestinyDisciplineInvestmentInvestingFinancialRefuseMoodDevelopingBehaveSwingsMood Swing Book:The Intelligent Investor, Rev. Ed Source: The Intelligent Investor, Rev. Ed
“The bottom line: All of your investing decisions should be grounded in your own investment policy statement. By taking a "top-down" look at your finances and writing out a road map, your policy statement will add an important element of discipline to your approach.” ShouldWritingLooksImportantLinesDecisionPolicyDisciplineElementsApproachAddInvestmentBottomInvestingStatementsFinanceMapsGroundedBottom LineTop DownRoad Maps Author:Lewis Schiff
“Berkshire was built on the eternal verities: basic mathematics, basic horse sense, basic fear, and basic diagnosis of human nature to make predictions regarding human behavior. We stuck to the basics with a certain amount of discipline and it has worked out quite well.” HumansWellsCertainHuman NatureAmountDisciplineBehaviorEternalBuiltHorseMathematicsInvestingStuckPredictionsHuman BehaviorDiagnosisBasicsHorse Sense Author:Charlie Munger
“The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.” WayWantPlansDisciplineInvestingFinancialBest Way Author:Benjamin Graham
“We try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved the strike zone into 77 cells, each the size of a baseball. Swinging only at balls in his "best" cell, he knew, would allow him to bat .400; reaching for balls in his "worst" spot, the low outside corner of the strike zone, would reduce him to .230. In other words, waiting for the fat pitch would mean a trip to the Hall of Fame; swinging indiscriminately would mean a ticket to the minors.” TryingKindMeanBookWaitingWorstDisciplineFameLowsBaseballBallsInvestingSizeCornersStrikesFatsSpotsCellsReachingZoneHallsHittingMinorsTicketsBatsHall Of FameDiversification Author:Warren Buffett
“Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.” MovingDisciplineAdvantageInvestingFavorsOdds Author:Charlie Munger
“Assuming that the future is like the past, you can outperform 80 percent of your fellow investors over the next several decades by investing in an index fund-and doing nothing else. But acquire the discipline to do something even better: become a long-term index fund investor.” LongPastNextTermDisciplinePercentFellowsAssumingInvestingDecadesLong TermAcquireFundInvestorsDoing NothingIndex Funds Author:Mark Hulbert
“I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.” PeopleTryingBelieveDreamI BelieveDisciplineSmartSittingDown AndDon't BelieveInvestingI Believe InSitting Down Author:Charlie Munger
“While it might seem that anyone can be a value investor, the essential characteristics of this type of investor-patience, discipline, and risk aversion-may well be genetically determined.” WellsMaySeemsMightValuesRiskTypeDisciplineEssentialsIntelligentInvestingDeterminedCharacteristicsInvestorsAversionRisk Aversion Author:Seth Klarman
“Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models to find attractive opportunities or assess underlying value. The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing.” KnowsNeedsHardValuesOpportunityWaitingDifficultSimpleDisciplineJudgmentComputerModelsInvestingAttractiveThrownInvestorsSwingsWizardsIntricateUnattractive Author:Seth Klarman
“I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline” ValuesChallengesDisciplineInvesting Author:Seth Klarman
“It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic.” PeopleThinkingValuesTurnsBloodDisciplineInvestingLeading Me Author:Seth Klarman