Klarman Quotes
Collection of top 80 famous quotes about Klarman
Klarman Quotes & Sayings
Happy to read and share the best inspirational Klarman quotes, sayings and quotations on Wise Famous Quotes.
Over the long run, the crowd is always wrong.
— 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 government can indefinitely control both short-term and long-term interest rates.
— Seth Klarman
In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.
— Seth Klarman
Don't short many stocks. Instead they hedge for tail risk with CDS and options. They are happy to incur illiquidity
— Seth Klarman
Macro worries are like sports talk radio. Everyone has a good opinion which probably means that none of them are good.
— Seth Klarman
I don't have a Bloomberg on my desk. I don't care.
— Seth Klarman
The way to maximize outcome is to focus on the process.
— Seth Klarman
Costs and liabilities are rarely overstated.
— Seth Klarman
There are no long-term lessons - ever.
— Seth Klarman
When all feels calm and prices surge, the markets may feel safe; but, in fact, they are dangerous because few investors are focusing on risk.
— Seth Klarman
The cost of performing well in bad times can be relative underperformance in good times.
— Seth Klarman
The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.
— Seth Klarman
Graham's wonderful sentence as, an investor needs only two things: cash and courage. Having only one of them is not enough.
— Seth Klarman
Flexible approach - will look at ALL asset classes.
— Seth Klarman
Short sellers age in dog years.
— Seth Klarman
Most investors are primarily oriented toward return, how much they can make and pay little attention to risk, how much they can lose.
— Seth Klarman
The government can reasonably rely on debt ratings when it forms programs to lend money to buyers of otherwise unattractive debt instruments.
— Seth Klarman
Investing is the intersection of economics and psychology.
— Seth Klarman
In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.
— Seth Klarman
By investing at a discount, Benjamin Graham knew that he was unlikely to experience losses.
— Seth Klarman
Typically, we make money when we buy things. We count the profits later, but we know we have captured them when we buy the bargain.
— Seth Klarman
When people give away stocks based on forced selling or fear that is usually a great opportunity.
— Seth Klarman
Avoiding where others go wrong is an important step in achieving investment success. In fact, it almost assures it.
— Seth Klarman
Value investors should completely exit a security by the time it reaches full value; owning overvalued securities is the realm of speculators.
— Seth Klarman
We are big fans of fear, and in investing it is clearly better to be scared than sorry.
— Seth Klarman
Investment success cannot be captured in a mathematical equation or a computer program.
— Seth Klarman
We don't deal in absolutes. We deal in probabilities.
— Seth Klarman
We worry top-down, but we invest bottom-up
— Seth Klarman
Always look for forced urgent selling.
— Seth Klarman
We work really hard never to get confused with what we know from what we think or hope or wish.
— Seth Klarman
One must understand the importance of an endless drive to get information and seek value.
— Seth Klarman
Courage is a function of process.
— Seth Klarman
All an investor can do is follow a consistently disciplined and rigorous approach; over time the returns will come
— Seth Klarman
Value investing is risk aversion.
— Seth Klarman
Investing today may well be harder than it has been at any time in our three decades of existence,
— Seth Klarman
All investors must come to terms with the relentless continuity of the investment process.
— Seth Klarman
Hold cash when opportunities are not presenting themselves.
— Seth Klarman
Having great clients is the key to investment success.
— Seth Klarman
You need humility to say 'I might be wrong.'
— 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
Value investing by its very nature is contrarian.
— Seth Klarman
It's incredibly important to note that when you don't allow failure, you get more failure.
— Seth Klarman
Almost every financial blow up is because of leverage,
— Seth Klarman
Benjamin Graham wrote, "Those with enterprise haven't the money, and those with money haven't the enterprise, to buy stocks when they are cheap."
— Seth Klarman
A simple rule applies: if you don't quickly comprehend what a company is doing, then management probably doesn't either.
— Seth Klarman
When a Wall Street analyst or broker expresses optimism, investors must take it with a grain of salt.
— Seth Klarman
Once you adopt a value-investment strategy, any other investment behavior starts to seem like gambling.
— Seth Klarman
When a stock is selling at a discount to liquidation value per share, a near rock-bottom appraisal, it is frequently an attractive investment.
— Seth Klarman
Be focused on process and not outcome
— Seth Klarman
Be indifferent if you lose your short term clients, remember they are your own worst enemy
— Seth Klarman
The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent,
— Seth Klarman
I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline
— 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
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