A Quote by Seth Klarman

Value investors have to be patient and disciplined, but what I really think is you need not to be greedy. If you're greedy and you leverage, you blow up. Almost every financial blow up is because of leverage.
Almost every financial blow up is because of leverage.
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
My best advice to individual investors can readily be summed up into two closely linked precepts. Be patient and don't be greedy.
You know, it's nothin' quick overnight. If anything happens to you quick, you need to start questioning that. You know, you hear young people go, aw, I'm gonna blow up. You gonna blow up but with a controlled explosion. Don't just blow up all over the place.
Relationships are leverage. If you give value to someone else first, you have leverage.
I've always been greedy. I think every actor is greedy for good parts and stories, and it should be that way.
I think I’m greedy, but I’m not greedy for money - I think that can be a burden - I’m greedy for an exciting life.
We need some leverage with the Russians, because they are not going to come to the negotiating table for a diplomatic resolution, unless there is some leverage over them.
I think I’m greedy, but I’m not greedy for money – I think that can be a burden – I’m greedy for an exciting life. I want it to be exciting all the time, and I get it, actually. On the other hand, I can find excitement, I admit, in raindrops falling on a puddle and a lot of people wouldn’t. I intend to have it exciting until the day I fall over.
We [USA] don't have diplomatic leverage to eliminate every vestige of a peaceful nuclear program in Iran. What we do have the leverage to do is to make sure that they don't have a weapon.
What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
I marked their location in case Kell wanted to blow them up or something.” “I don’t have to blow up everything I see. I just like to.
Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
I just think the best way for me to be greedy is long-term greedy.
People with leverage have dominance over people with less leverage. In other words, just as humans gained advantages over animals by creating leveraged tools, similarly, humans who use these tools of leverage have more power over humans that do not. Saying it more simply, 'leverage is power'.
I think when you love a child, it's a different kind of love. You think, 'I love more every day. I love more every day, more every day, I couldn't possibly love any more, I'm going to blow up.' And then you blow up. Your chest actually starts to hurt. You love so much, you think I can't love any more.
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