Seth Klarman Best Quotes

Over the long run, the crowd is always wrong. — Seth Klarman

The real secret to investing is that there is no secret to investing. — Seth Klarman

The trick of successful investors is to sell when they want to, not when they have to. — Seth Klarman

If only one word is to be used to describe what Baupost does, that word should be: 'Mispricing'. We look for mispricing due to over-reaction. — Seth Klarman

The way to maximize outcome is to focus on the process. — Seth Klarman

The cost of performing well in bad times can be relative underperformance in good times. — Seth Klarman

If another person were to enter the building, it would once again be empty. — Seth Klarman

Never stop reading. History doesn't repeat, but it does rhyme. — Seth Klarman

Hold cash when opportunities are not presenting themselves. — Seth Klarman

A value strategy is of little use to the impatient investor since it usually takes time to pay off. — Seth Klarman

If you've just stared into the abyss, quickly forget it: the lessons of history can only hold you back. — Seth Klarman

Depressions aren't good but the depression mentality is good. — Seth Klarman

The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling. — Seth Klarman

Why should the immediate opportunity set be the only one considered, when tomorrow's may well be considerably more fertile than today's? — Seth Klarman

Ultimately, nothing should be more important to investors than the ability to sleep soundly at night. — Seth Klarman

Excess capacity in people, machines, or property will be quickly absorbed. — Seth Klarman

Generally, the greater the stigma or revulsion, the better the bargain. — Seth Klarman

Investing today may well be harder than it has been at any time in our three decades of existence, — Seth Klarman

The best protection against risk is knowing what you are doing. — Seth Klarman

By investing at a discount, Benjamin Graham knew that he was unlikely to experience losses. — Seth Klarman

All investors must come to terms with the relentless continuity of the investment process. — Seth Klarman

Value investing by its very nature is contrarian. — Seth Klarman

We buy expecting to hold a bond to maturity and a stock forever. — Seth Klarman

Having great clients is the key to investment success. — Seth Klarman

Sometimes buying early on the way down looks like being wrong, but it isn't. — Seth Klarman

You need humility to say 'I might be wrong.' — Seth Klarman

Value investing is risk aversion. — Seth Klarman

The single greatest edge an investor can have is a long-term orientation. — Seth Klarman

Like to have a catalyst - reduces dependence on the market: Distressed debt inherently has a catalyst - maturity. — Seth Klarman

Having clients with a long-term orientation is crucial. Nothing else is as important to the success of an investment firm. — Seth Klarman

Most institutional investors feel compelled to swing at almost every pitch and forgo batting selectivity for frequency. — Seth Klarman

Do not suffer interim losses, relish and appreciate them — Seth Klarman