A Quote by Seth Klarman

Investing is the intersection of economics and psychology.

Seth Klarman

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Economics Intersection Investing Psychology

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Seth Klarman
American - Author
Born: May 21, 1957

Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.

Seth Klarman

Investing in women is smart economics, and investing in girls, catching them upstream, is even smarter economics.

Ngozi Okonjo-Iweala

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.

Charlie Munger

Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.

Evan Davis

I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.

Mark Skousen

I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warrenhas always been very open about what he's learned, and I share that ethos. My personal behavior model is Lord Keynes: I wanted to get rich so I could be independent, and so I could do other things like give talks on the intersection of psychology and economics. I didn't want to turn it into a total obsession.

Charlie Munger

While I am interested both in economics and in philosophy, the union of my interests in the two fields far exceeds their intersection.

Amartya Sen

Economics is (now) about emotion and psychology.

Robert J. Shiller

Cryptoeconomics is so fascinating to study because it's a combination of technology, economics, and psychology.

Nick Tomaino

I went to the London School of Economics to study sociology and psychology on a serviceman's grant.

Ron Moody

My first undertaking in the way of scientific experiment was in the field of economics and psychology.

Simon Newcomb

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.

Daniel Kahneman

History, sociology, economics, psychology et al. confirmed Joyce's view of Everyman as victim.

Robert Anton Wilson

Impact investing has become a broad umbrella that includes all investing with a focus on both financial return and social impact, but in its best form, impact investing prioritizes impact over returns and achieves outcomes that traditional investing cannot.

Jacqueline Novogratz

I'm investing in myself, I'm investing in others and I'm investing in my cause. I know if I persist it will pay back in dividends and it always does.

Simon Sinek

Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.

Gerald M. Loeb

A Quote by Seth Klarman

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