Money and Finance
Seth Klarman quote
From
Margin of Safety(Source):
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.
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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...
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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...
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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...
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Buffett Is Invested In Rodriguez
Now that Barry Bonds has eclipsed Henry Aaron as No. 1 on the career home run list, baseball and its fans will watch with rapt interest in the next five or six seasons to see if Alex Rodriguez supplants Bonds. One of those fans is Warren E. Buffett, whose...
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Making Each Investment Count
My apologies for the radio silence in recent weeks. I've been working on a number of side projects that have limited my time for posting. I plan to pick up the pace again in a few weeks' time, so thank you very much for your patience and continued...
Money and Finance