A Quote by Seth Klarman

All an investor can do is follow a consistently disciplined and rigorous approach; over time the returns will come — © Seth Klarman
All an investor can do is follow a consistently disciplined and rigorous approach; over time the returns will come
Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.
I'm a pretty disciplined investor and pretty disciplined buyer. I do my due diligence. I do my homework. I don't waste money.
This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
You can't be consistently fair, consistently generous, consistently just, or consistently merciful. You can be anything erratically, but to be that thing time after time after time, you have to have courage.
The strategy of buying what's in favor is a fool's errand, ensuring long-term underperformance. Only by standing against the prevailing winds - selectively, but resolutely - can an investor prosper over time. But for a while, a value investor typically underperforms.
To be disciplined is to follow in a good way. To be self disciplined is to follow in a better way.
Look, and it can't be seen. Listen, and it can't be heard. Reach, and it can't be grasped. Above, it isn't bright. Below, it isn't dark. Seamless, unnamable, it returns to the realm of nothing. Form that includes all forms, image without an image, subtle, beyond all conception. Approach it and there is no beginning; follow it and there is no end. You can't know it, but you can be it, at ease in your own life. Just realize where you come from: this is the essence of wisdom.
We will also have a more rigorous approach to professional development and managing unsatisfactory performance.
The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.
The individual investor should act consistently as an investor and not as a speculator. This means ... that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase.
If you are predisposed to be patient, disciplined and psychologically appreciate the idea of buying bargains, then you're likely to be good at it. If you have a need for action, if you want to be involved in the new and exciting technological breakthroughs of our time, that's great, but you're not a value investor, and you shouldn't be one.
Between the creative, open and spontaneous approach to life, and the highly disciplined, pragmatic approach, there's a doorway, if you can find it - and it leads to immortality.
Trying to do Christianity properly is tough. Life as a priest is rigorous and disciplined. It involves sacrifices.
Choas will come, calm will follow, and then it will start up all over again. The secret is to savor the ride.
Small, seemingly insignificant steps completed consistently over time will create a radical difference
Investment performance doesn't determine real-life returns; investor behavior does.
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