RISK-AVERSE INVESTING
“Lethargy, bordering on sloth, remains the cornerstone of our investment style.” – Warren Buffett
“If value is not likely to exist in what the herd is buying, where may it exist? In what they are selling, unaware of, or ignoring. When the herd is selling a security, the market price may fall well beyond reason. Ignored, obscure, or newly created securities may similarly be or become undervalued.” – Seth Klarman
“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people always have to be playing; they always have to be doing something. They make a big play and say, ‘Boy, I am smart, I just tripled my money.’ Then they rush out and have to do something else with that money. They can`t just sit there and wait for something new to develop.” – Jim Rogers
"[Stocks] should be purchased when the current situation is unfavorable, the near-term prospects are poor, and the low price fully reflects current pessimism." - Benjamin Graham
"We're dumpster divers. We like to buy a lot of things that are out of favor; but, just because a storm comes through and shakes the fruit tree and knocks some stuff to the ground, doesn't mean you should eat everything that's [fallen]." - Don Yacktman
"I buy what other people are selling: what is out of favor, what is loathed and despised, where there is financial distress, litigation – basically, where there is trouble.” - Seth Klarman
We're looking for value stocks here: absolute values. Please become well-versed in Security Analysis and The Intelligent Investor by Benjamin Graham and Margin of Safety by Seth Klarman before joining the discussion. |
