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

Seth Klarman

Investors

Seth Klarman

Born in 1957 in New York, Seth Klarman founded the Baupost Group in 1982 with 27 million dollars in seed capital and has compounded it at roughly 20% annually ever since. He carries forward Benjamin Graham's margin-of-safety concept into the modern era; his book Margin of Safety became an investing classic that commands over a thousand dollars on the secondhand market. He is known as 'the Oracle of Boston.'

View this figure's profile

Source: Margin of SafetyUnverified

Seth Klarman's Other Quotes

At the root of all financial bubbles is a good idea carried to excess.

Value investing is at its core the marriage of a contrarian streak and a calculator.

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.

Related Quotes

Endure and renounce.

-- Epictetus

Fire tests gold; adversity tests strong people.

-- Seneca

Bodily pain does not last without limit; intense pain is brief in duration.

-- Epicurus

If you carve without ceasing, even metal and stone can be engraved.

-- Xunzi

He who has a why to live can bear almost any how.

-- Friedrich Nietzsche

Energy and persistence conquer all things.

-- Benjamin Franklin