Money and Finance
"We make no heroic assumptions in our analysis, hoping, instead, that by compounding multiple conservative assumptions, we will create such a substantial margin of safety that a lot can go wrong without impairing our capital much or even at all. We never invest just to invest and don’t bet blindly on mean reversion or on historical relationships holding up. Our settings are permanently turned to “risk off.”"
- 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...
- Target Risk, Not Return
From Seth Klarman, via Margin of Safety:Targeting investment returns leads investors to focus on upside potential rather than on downside risk....Rather than targeting a desired rate of return, even an eminently reasonable one, investors should target...
- Oak Value Fund: Investment Adviser’s Review – Q4 2008
“All armies prefer high ground to low and sunny places to dark.” - Sun Tzu, The Art of War Quoting history’s most widely taught treatise of wartime engagement seems appropriate as we reflect upon the recent quarter, and for that matter, the year...
- Seth Klarman - 2006 Video
Great find by Dang Le: - Guest Lecturer Seth Klarman - Psychology of Leadership - .................... If you would like to download the video, see this post: RealPlayer - A Useful New Addition .......... Other Seth Klarman posts/links: - Seth Klarman...
Money and Finance
Seth Klarman quote
"We make no heroic assumptions in our analysis, hoping, instead, that by compounding multiple conservative assumptions, we will create such a substantial margin of safety that a lot can go wrong without impairing our capital much or even at all. We never invest just to invest and don’t bet blindly on mean reversion or on historical relationships holding up. Our settings are permanently turned to “risk off.”"
- 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...
- Target Risk, Not Return
From Seth Klarman, via Margin of Safety:Targeting investment returns leads investors to focus on upside potential rather than on downside risk....Rather than targeting a desired rate of return, even an eminently reasonable one, investors should target...
- Oak Value Fund: Investment Adviser’s Review – Q4 2008
“All armies prefer high ground to low and sunny places to dark.” - Sun Tzu, The Art of War Quoting history’s most widely taught treatise of wartime engagement seems appropriate as we reflect upon the recent quarter, and for that matter, the year...
- Seth Klarman - 2006 Video
Great find by Dang Le: - Guest Lecturer Seth Klarman - Psychology of Leadership - .................... If you would like to download the video, see this post: RealPlayer - A Useful New Addition .......... Other Seth Klarman posts/links: - Seth Klarman...