Money and Finance
- Seth Klarman On Margin Of Safety And Intangible Assets...
From Seth Klarman, via Margin of Safety:Even among value investors there is ongoing disagreement concerning the appropriate margin of safety. Some highly successful investors, including Buffett, have come increasingly to recognize the value of intangible...
- Seth Klarman Quote
From Seth Klarman, via Margin of Safety:Because investing is as much an art as a science, investors need a margin of safety. A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human...
- Seth Klarman On Worrying About Asset Deflation...
From Seth Klarman, via Margin of Safety:Should investors worry about the possibility that business value may decline? Absolutely. Should they do anything about it? There are three responses that might be effective. First, since investors cannot predict...
- A Few Seth Klarman Quotes
From Klarman's section in the 6th edition of Security Analysis, which he wrote in May 2008 (they also go well with the 1991 Klarman interview that has been making its rounds, HERE): "In an era of rapid technological change, investors must be ever...
- Warren Buffett Quotes (defining What You Don't Know)
This is a great example of Peter Bevelin pulling complementary quotes together from different Warren Buffett letters to shareholders in his new book, A Few Lessons for Investors and Managers. The book also includes thoughts from Peter that add to the...
Money and Finance
Seth Klarman on business valuation
From Margin of Safety:
Business valuation is a complex process yielding imprecise and uncertain results. Many businesses are so diverse or difficult to understand that they simply cannot be valued. Some investors willingly voyage into the unknown and buy into such businesses, impatient with the discipline required by value investing. Investors must remember that they need not swing at every pitch to do well over time; indeed, selectivity undoubtedly improves an investor’s results. For every business that cannot be valued, there are many others that can. Investors who confine themselves to what they know, as difficult as that may be, have a considerable advantage over everyone else.
- Seth Klarman On Margin Of Safety And Intangible Assets...
From Seth Klarman, via Margin of Safety:Even among value investors there is ongoing disagreement concerning the appropriate margin of safety. Some highly successful investors, including Buffett, have come increasingly to recognize the value of intangible...
- Seth Klarman Quote
From Seth Klarman, via Margin of Safety:Because investing is as much an art as a science, investors need a margin of safety. A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human...
- Seth Klarman On Worrying About Asset Deflation...
From Seth Klarman, via Margin of Safety:Should investors worry about the possibility that business value may decline? Absolutely. Should they do anything about it? There are three responses that might be effective. First, since investors cannot predict...
- A Few Seth Klarman Quotes
From Klarman's section in the 6th edition of Security Analysis, which he wrote in May 2008 (they also go well with the 1991 Klarman interview that has been making its rounds, HERE): "In an era of rapid technological change, investors must be ever...
- Warren Buffett Quotes (defining What You Don't Know)
This is a great example of Peter Bevelin pulling complementary quotes together from different Warren Buffett letters to shareholders in his new book, A Few Lessons for Investors and Managers. The book also includes thoughts from Peter that add to the...