A Quote by Seth Klarman

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

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Actually Analysis Business Buy Easy Economics End Experience Gone Hard Harder Having How How Much Intersection Investing Knowing Learn Like Looks Lower Lower Price Makeup Might More Much Need Part Price Psychological Psychology Right Sell Something Stand Things Those Valuation Wait Whether World Wrong

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Seth Klarman
American - Author
Born: May 21, 1957

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

Warren Buffett

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

Mother always tries to buy things for a reasonable price. I was never allowed to buy things at full price. Probably, it's rooted in the Chinese mentality. We are very thrifty.

Jimmy O. Yang

I love beautiful things; I like having nice clothes, and I can appreciate why other people do - but I've also started to learn more about the impact of what we buy: how things are made, how much you buy and the quality of everything.

Lily Cole

Investing is the intersection of economics and psychology.

Seth Klarman

Scientists and companies weren't creating things like new vaccines. Now that we have this fund that's there to buy at the lowest price, but buy for those people these medicines, we see scientists everywhere coming up with those new tools.

Bill Gates

I buy so much when I go through airports: I buy psychology magazines; I buy 'Mind,' another magazine, 'New Scientist,' 'Scientific America.'

Keith Barry

We've been trained to spend money since we were born with all these commercials with toys and G.I. Joes and Transformers. But there's so many things in the supermarket, there's so many things on television that automatically, when you turn it on, are saying, 'Buy! Buy! Buy! Buy! Buy! Buy! Buy!'

Donald Faison

Life is not easy and comfortable, with nothing ever going wrong as long as you buy the right product. It's not true that if you have the right insurance everything is going to be fine. That's not what it's really like. Terrible things happen. And those are the things we learn from.

Madeleine L'Engle

If you're going to sell stock and somebody wants to buy it at a price and that price is not a price you dictate, but demand dictates, sell it to them now.

Barry Diller

I suppose in the end it's almost too easy to look back and say what you should have done, how you might have changed things. What's harder - what's much, much harder - is to accept what you actually did do.

Peter Hook

You need to balance arrogance and humilitywhen you buy anything, it's an arrogant act. You are saying the markets are gyrating and somebody wants to sell this to me and I know more than everybody else so I am going to stand here and buy it. I am going to pay an 1/8th more than the next guy wants to pay and buy it. That's arrogant. And you need the humility to say 'but I might be wrong.' And you have to do that on everything

Seth Klarman

You can only make money if you buy a product, whatever it is - maybe a currency, maybe wheat and maybe something else - at a relatively low price and sell it at a higher price than you buy it at. There's no other way to make money.

Milton Friedman

You don’t need an AR-15. It’s harder to aim, it’s harder to use, and in fact, you don’t need 30 rounds to protect yourself. Buy a shotgun. Buy a shotgun.

Joe

When the masters of industry pay such sums for a newspaper, they buy not merely the building and the presses and the name; they buy what they call the "good-will"- that is, they buy you. And they proceed to change your whole psychology - everything that you believe about life. You might object to it, if you knew; but they do their work so subtly that you never guess what is happening to you!

Upton Sinclair

The only reason psychology students don't have to do more and harder mathematics than physics students is because the mathematicians haven't yet discovered ways of dealing with problems as hard as those in psychology.

John G. Kemeny

A Quote by Seth Klarman

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