Seth Klarman Quotes:
Ocupation: Author
Life: b. May 21, 1957
Birthday: May 21
The strategy of buying what's in favor is a fool's errand, ensuring long-term underperformance. Only by standing against the prevailing winds - selectively, but resolutely - can an investor prosper over time. But for a while, a value investor typically underperforms.
topic: Wind, Long, Errands, Underperformance
