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

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.'

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Seth Klarman's Other Quotes

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

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

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

Related Quotes

Divide each difficulty into as many parts as possible for a better solution.

-- René Descartes

Being too far ahead of your time is indistinguishable from being wrong.

-- Howard Marks

I try to invest in companies where the downside is limited and the upside is significant.

-- Bruce Berkowitz

The key to investing is figuring out what something is worth and paying less for it.

-- Mario Gabelli

To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.

-- John Templeton

Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.

-- John Templeton