Value Investing Quotes

As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is either absorbed and adopted at once, or it is never truly learned. ~ Seth Klarman

Value investing strategies have worked for years and everyone's known about them. They continue to work because it's hard for people to do, for two main reasons. First, the companies that show up on the screens can be scary and not doing so well, so people find them difficult to buy. Second, there can be one-, two- or three-year periods when a strategy like this doesn't work. Most people aren't capable of sticking it out through that. ~ Joel Greenblatt

It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil. ~ Seth Klarman

Value investing is at its core the marriage of a contrarian streak and a calculator. ~ Seth Klarman

The entire pursuit of value investing requires you to see where the crowd is wrong so that you can profit from their misperceptions. ~ Guy Spier

It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience, and reflection. It requires endless curiosity, the relentless pursuit of additional information, the raising of questions, and the search for answers. It necessitates dealing with imperfect information - knowing you will never know everything and that that must not prevent you from acting. It requires a precarious balance between conviction, steadfastness in the face of adversity, and doubt - keeping in mind the possibility that you could be wrong. ~ Seth Klarman

Warren Buffett once wrote that value investing is like an inoculation
it either takes or it doesn't
and when you explain to somebody what it is and how it works and why it works and show them the returns, either they get it or they don't. ~ Seth Klarman

Growth and value investing are joined at the hip. ~ Warren Buffett

Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed. ~ Seth Klarman

The only intelligence investing is value investing ... to acquire more than one is paying for. ~ Charlie Munger

Warren Buffett has said many times that people either get value investing in five minutes or they won't get it in five years. So, there is something in the human brain, that for some of us, makes all the difference in the world right away and the patience it requires is part of the wiring process. ~ Mohnish Pabrai

While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology. ~ Seth Klarman

Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their value is realised. The element of a bargain is the key to the process. ~ Seth Klarman

The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing. ~ Charlie Munger

Most people aren't cut out for value investing, because human nature shrinks from pain, ~ Jean-Marie Eveillard

An outstanding addition to the volumes written on value investing. Not only do the authors offer their own valuable insights but they have provided in one publication invaluable insights from some of the most accomplished professionals in the investment business. I would call this publication a must-read for any serious investor. ~ Leon G. Cooperman

THE BEAUTY OF VALUE INVESTING is its logical simplicity. It is based on two principles: What's it worth (intrinsic value), and don't lose money (margin of safety). ~ Christopher H. Browne

The danger of relying on historical statistics or formulas is that you end up betting on a 14-year-old horse with a great record but is now ready for the glue factory. ~ Daniel Pecaut

Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models to find attractive opportunities or assess underlying value. The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing. ~ Seth Klarman

It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic. ~ Seth Klarman

[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value
in the hope that it can soon be sold for a still-higher price
should be labeled speculation (which is neither illegal, immoral nor
in our view
financially fattening). ~ Warren Buffett

As former physicist Al Slawsky put it in the early 1990s, "It was a bad year for value investing. In my former life, there was never a 'bad year' for gravity. ~ Richard R. Lindsey

Value investing by its very nature is contrarian. ~ Seth Klarman

Every time a value is born, existence takes on a new meaning; every time one dies, some part of that meaning passes away. ~ Joseph Wood Krutch

From these few observations we can already conclude that the real is never beautiful. Beauty is a value applicable only to the imaginary and which means the negation of the world in its essential structure. ~ Jean-Paul Sartre

Because pain is the universal constant of life, the opportunities to grow from that pain are constant in life. All that is required is that we don't numb it, that we don't look away. All that is required is that we engage it and find the value and meaning in it. ~ Mark Manson

I'm really kind of boring - I'd rather go to bed early and get up early because I really value my time off, my time away from work. ~ Mandy Moore

For many men value appearances more than reality - thus they violate what's right. Everyone's prepared to sigh over some suffering man, though no sorrow really eats their hearts, or they can pretend to join another person's happiness forcing their faces into smiling masks. But a good man discerns true character - he's not fooled by eyes feigning loyalty, favouring him with watered-down respect. ~ Aeschylus

The Saudis considered the petroleum under their soil a gift from God, but accessing its value laid within man's capacity. ~ Ellen R. Wald

Opera singing is in every way of inestimable value; a real heritage for all mankind that has been reached over centuries of studies, attempts, flights of the spirit. ~ Andrea Bocelli

I am a believer in Adam Smith, who says that if you look at something that really contributes value to society, and you can deliver it at a reasonable price, then society will recognise that at some point because rational behaviour will come into play. ~ David Cheriton

We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters. ~ Warren Buffett

My father was a veteran and my mother a schoolteacher. They taught me the value of a good job and an honest day's work. ~ Stephen Pagliuca

Sometimes your secrets are your only value. ~ Julianna Baggott

Sometimes, people you value the most may appreciate all the things you do for them. but that doesn't mean they value you as much you value them. you sacrifice for them and give them all the best because you want them to be happy and you believe they deserve it. You understand and accept them for everything that they are. There are times that you'll ran short and would fail to be at your best and they may take it againts you. you'll have your own share of your weaknesses and flaws and they may not understand you and accept you. You may have been lost at times and they may not look for you or care for you and that's okay. that's the thing about giving. you give without expecting, you give without regrets and you give whole heartedly and freely. For God will always bless you with more than what you give. and it's already fulfilling to see them somehow smile and became complete and still thankful because you did something good for them and that's all that matters. ~ Cristopher Capistrano

If he or she doesn't see or respect your present value nor your future dream the moment you connected there is little or no chance that he or she will do in future. ~ Bernard Kelvin Clive

Envy shrugged. 'Can no value be found in good intentions?'
'What, precisely, are you trying to justify? And to me, or yourself?'
She glared, then quickened her pace. 'You're no fun at all,' she sniffed as she pulled
ahead, 'and presumptuous as well. I'm going to talk with Tool, his moods don't
swing!'
No, they just hang there, twisting in the wind. ~ Steven Erikson

I think in rural settings, people have a different appreciation for animals than might the city dweller. In parts of India where poisonous snake bite is common, people have a much different value system. I live in a city. I'm not thinking about wolves, lions, etc. ~ Henry Rollins

Our sole purpose on this earth is to add value to others. It doesn't make sense to just exist in people's lives or to be a drain on them, does it? ~ Rob Liano

An ethic is not an ethic, and a value not a value without somesacrifice for it. Something given up, something not gained. ~ St. Jerome

Captured by the ideological animus, both socialist and liberal-democratic art abandoned the criterion of beauty - considered anachronistic and of dubious political value - and replaced it with the criterion of correctness. ~ Ryszard Legutko

Rebrand is not just about buzzing brand words; it's about repurposing your lives, finding your true voice and building an authentic brand that impact lives. It's a call to reexamine our lives, our goals and dreams; to think about why we do what we do, to align lives back to source (God) and connect with the hearts of people. It's a movement, to help, to add value, to create meaning, to impact lives. ~ Bernard Kelvin Clive

The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks. ~ William J. Bernstein

The time has come to realize that the interracial drama acted out on the American continent has not only created a new black man, it has created a new white man, too. No road whatever will lead Americans back to the simplicity of this European village where white men still have the luxury of looking on me as a stranger. I am not, really, a stranger any longer for any American alive. One of the things that distinguishes Americans from other people is that no other people has ever been so deeply involved in the lives of black men, and vice versa. This fact faced, with all its implications, it can be seen that the history of the American Negro problem is not merely shameful, it is also something of an achievement. For even when the worst has been said, it must also be added that the perpetual challenge posed by this problem was always, somehow, perpetually met. It is precisely this black-white experience which may prove of indispensable value to us in the world we face today. This world is white no longer, and it will never be white again. ~ James Baldwin

Greatest thing in life is experience. Even mistakes have value. ~ Henry Ford

At spare moments in the day, make it a point to contemplate the loss of whatever you value in life. It can make you realize, if only for a time, how lucky you are - how much you have to be thankful for, almost regardless of your circumstances ... ~ William Braxton Irvine

I think we've been oversold the value of more and undersold the value of less. ~ Greg McKeown

For many artists fame complements the value of creative self-expression. Ludwig van Beethoven loved composing music, but he probably would have enjoyed it less if no one ever listened to the product. ~ Tyler Cowen

The modern world is drowning in information. We have more data than we can possibly use regarding nearly every picayune matter of society, economics, and politics. Science has contributed to this tsunami of facts and figures, but Riley's reports demonstrated that the tidal wave of minutiae is hardly unique to our time. In every age the challenge has been to move from information to knowledge. And the value of experts lies in their capacity to extract meaning from the reams of facts. Rather than being swamped by raw data, the connoisseur, craftsman, engineer, clinician, or scientist is selectively and self-consciously blind. Knowing what to ignore, recognizing what is extraneous, is the key to deriving pattern, form, and insight. ~ Jeffrey A. Lockwood

A diamond is just another stone to one who is ignorant of its value. ~ Matshona Dhliwayo

It's possible to go to the market, buy good ingredients, and make yourself a healthy meal for less than it costs to buy a value meal at McDonald's. ~ Eric Schlosser

Maybe it doesn't matter how much gets done. Maybe the value is in the process - in touching each item, in naming and identifying, in acknowledging the significance of a cardigan, a pair of children's boots. "It's ~ Christina Baker Kline

'When there's time for everything, there's value in nothing.' ~ Vicki Pettersson