“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
We're looking for value stocks here: not relative values, 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. |
