The Value of Not Being Sure: Seth Klarman

Below is a neat Feb 23 article published in Value Investor Insight written by Seth Klarman.

The document is a bit hard to read but valuable lessons in value investing. Maybe it’s called “value” investing because we are always trying to learn valuable lessons that traders and speculators never consider.

Also consider reading this article by Vitaliy Katsenelson on The Pain of Mean Reversion.



About Jae Jun


Jae Jun is the founder of Old School Value. He is on a mission to provide practical and actionable value investing tools, tutorials and educational material to help empower the individual investor. Keep in touch with Jae via any of the methods linked below.

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  • http://widemoatinvesting.wordpress.com Wide Moat

    To read Klarman makes me think that the most basic principle of investing is–be able to daily master your psyche.

    The interesting thing is that you get a similar impression from a day-trading speculator like Jesse Livermore.

    Wide Moat’s last blog post..The Moat of Coca Cola

  • http://www.oldschoolvalue.com Jae Jun

    I’m always amazed at the intellect of the man and how he is able to articulate his thoughts so clearly. I’ve never met or seen the guy but through his writings he sure seems calm and composed.

    Where can I get some of that?

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