Seth Klarman Quotes About Running
-
It is always easiest to run with the herd; at times, it can take a deep reservoir of courage and conviction to stand apart from it. Yet distancing yourself from the crowd is an essential component of long-term investment success.
→ -
Over the long run, the crowd is always wrong.
→ -
My experience is that short sellers do far better analysis than long buyers because they have to. The market is biased upward over time-as the saying goes, stocks are for the long run.
→ -
Occasionally we are asked whether it would make sense to modify our investment strategy to perform better in today's financial climate. Our answer, as you might guess, is: No! It would be easyfor us to capitulate to the runaway bull market in growth and technology stocks. And foolhardy. And irresponsible. And unconscionable. It is always easiest to run with the herd; at times, it can take a deep reservoir of courage and conviction to stand apart from it. Yet distancing yourself from the crowd is an essential component of long-term investment success.
→
Related Authors
-
Walter Schloss Investor -
Bill Ackman Hedge fund manager -
Charlie Munger Business person -
David Einhorn Hedge fund manager -
Daniel S. Loeb Manager -
-
Carl Icahn Businessman -
David Tepper Manager -
James Chanos Manager -
Warren Buffett Investor -
Mohnish Pabrai Investor -
Jeremy Grantham Investor -
Peter Lynch Businessman -
-
Ray Dalio Businessman -
John Paulson Manager -
Joel Greenblatt Manager -
Bruce Greenwald Professor -
Whitney Tilson Author -
Benjamin Graham Investor