Categories
Quotes

The Arrogant Investor

In investing,whenever you act,you are effectively saying,

“I know more than the market.I am going to buy when everyone else is selling.I am going to sell when everyone else is buying.”

That is arrogant.

-Seth Klarman

Categories
Interview

An Interview with Seth Klarman

A long one but well worth it

Categories
Gold

Seth Klarman on Gold

“Gold is unique because it has the age-old aspect of being viewed as a store of value.Nevertheless,it’s still a commodity and has no tangible value, and so I would say gold is a speculation.

But because of my fear about the potential debasing of paper money and about paper money not being a store of value,I want some exposure to gold.”-Seth Klarman

 

Categories
Presentation

Permanently Risk Off:Seth Klarman

Excerpts from the annual investor letter from the legendary investor Seth Klarman(Hattip Vishal Mittal)

 

[gview file=”http://alphaideas.in/wp-content/uploads/2013/03/Seth-Klarman-Excerpt-Value-Invetsor-Insight-Feb-2013.pdf”]