Famous Quotes from Seth Klarman

1. "The margin of safety is the difference between the price and the intrinsic value. It exists when the price is significantly below the value."

2. "In investing, it is only necessary to be right about the direction of the general market, and then to buy and sell intelligently."

3. "The most risky thing you can do is be careless about the price you pay."

4. "Value investing is the discipline of buying shares at a discount from underlying net value, with the expectation that a catalyst will unlock that value."

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Source: ValueInvest.Wiki