A Quote by Seth Klarman

Benjamin Graham wrote, "Those with enterprise haven't the money, and those with money haven't the enterprise, to buy stocks when they are cheap." — © Seth Klarman
Benjamin Graham wrote, "Those with enterprise haven't the money, and those with money haven't the enterprise, to buy stocks when they are cheap."
Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.
The business models in enterprise have changed pretty dramatically. A huge problem with enterprise software traditionally has been usually you sell to the customer and then they adopt the technology. The great thing about 'freemium' and the new way enterprise software is being sold is you get to try it first and then buy it.
Love is cheap. You can buy it anywhere. Lives are cheap. It's money that's dear. You have to work days and sit up nights thinking how to make money.
Democratic capitalism: A cooperative enterprise to earn enough money to buy enough Congressional influence to gain control over the government's guns so as to get even more money for your special-interest group.Social democratic capitalism: A cooperative enterprise to promise sufficient government benefits to enough voters to gain control over the government's guns so as to keep any other special-interest group from getting as much power as yours.
Free enterprise has enabled the creative and the acquisitive urges of man to be given expression in a way which benefits all members of society. Let free enterprise fight back now, not for itself, but for all those who believe in freedom.
I think wealthy conservatives are busy investing in profit and job creation and enterprise, and wealthy liberals, many of them either from the media industry themselves or from - they recognize the value of communications and are more ready to put money into a less profitable enterprise, namely the media.
Put money in it's place. Money can buy you cars, houses, trinkets, fleeting sex, shallow companionship, cheap attention, and unfulfilled status. However, it can't buy you peace, love, or happiness.
You don't make money when you buy stocks. And you don't make money when you sell stocks. You make money by waiting.
You don’t make money when you buy stocks. And you don’t make money when you sell stocks. You make money by waiting.
Private enterprise is ceasing to be free enterprise. Private enterprise, indeed, became too private. It became privileged enterprise, not free enterprise.
If you're going to lead a space frontier, it has to be government; it'll never be private enterprise. Because the space frontier is dangerous, and it's expensive, and it has unquantified risks. And under those conditions, you cannot establish a capital-market evaluation of that enterprise. You can't get investors.
To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. Money, money everywhere and still not enough! And then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?
In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.
I've used the term 'Facebook for the enterprise,' and everyone goes, 'We don't want Facebook in the enterprise,' because it conjures up that it's not secure, and it's going to be a waste of time. All these things are true, which is why Facebook is not in the enterprise.
When you delve deep enough, you find that practically every great fortune and great enterprise in America have sprung from the courageous enterprise of some individual. It was Commodore Vanderbilt's enterprise in switching first from running a ferryboat to running other ships, and then, when he was well along in years, his enterprise in switching into railroading, that created what was to become one of the most notable fortunes in the history of the world.
It's true that private enterprise is extremely flexible, But its only good within very narrow limits. If private enterprise isn't held in an iron grip it gives birth to people who are no better than beasts, those stock-exchange people with greedy appetites beyond restraint.
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