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Seth Klarman Quotes: We don't deal in absolutes. We deal in probabilities.
         

We don't deal in absolutes. We deal in probabilities.


Seth Klarman
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Other quotes of Seth Klarman


The single greatest edge an investor can have is a long-term orientation.

The single greatest edge an investor can have is a long-term orientation.



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

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



Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.

Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.



The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.



In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.

In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.



Investment success cannot be captured in a mathematical equation or a computer program.

Investment success cannot be captured in a mathematical equation or a computer program.



Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient

Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient



The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.

The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.



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.

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.



The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent.

The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent.





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We live in a world where terrorism has a more familiar meaning than peace.

We live in a world where terrorism has a more familiar meaning than peace.



I would say my greatest achievement in life right now - my greatest achievement period is - and I'm still trying to achieve it - is to be a wonderful father to my kids.

I would say my greatest achievement in life right now - my greatest achievement period is - and I'm still trying to achieve it - is to be a wonderful father to my kids.



A man with money is no match against a man on a mission.

A man with money is no match against a man on a mission.



Evolution brings human beings. Human beings, through a long and painful process, bring humanity.

Evolution brings human beings. Human beings, through a long and painful process, bring humanity.



It's been perfect. I can still ride a subway and work with great people. I can't imagine being Julia Roberts. I don't have the fortitude to withstand that kind of attention.

It's been perfect. I can still ride a subway and work with great people. I can't imagine being Julia Roberts. I don't have the fortitude to withstand that kind of attention.



It is quite sad, to me, that that ideal, that vision and understanding [of American founding ], doesn't seem to be a part of the current political season.

It is quite sad, to me, that that ideal, that vision and understanding [of American founding ], doesn't seem to be a part of the current political season.



The only way to deep happiness is to do something you love to the best of your ability

The only way to deep happiness is to do something you love to the best of your ability



My husband is almost as heavy as I am. We were married in adjoining churches.

My husband is almost as heavy as I am. We were married in adjoining churches.



The film language is still in development and the traditional dialogue is the biggest problem because nobody knows how to interpret it in 3D world.

The film language is still in development and the traditional dialogue is the biggest problem because nobody knows how to interpret it in 3D world.



In any case life is but a procession of shadows, and God knows why it is that we embrace them so eagerly, and see them depart with such anguish, being shadows.

In any case life is but a procession of shadows, and God knows why it is that we embrace them so eagerly, and see them depart with such anguish, being shadows.




Quote Description


This page presents the quote "We don't deal in absolutes. We deal in probabilities.". Author of this quote is Seth Klarman. This quote is about absolutes, deals, probability,.