Seth Klarman
Quotes
"The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions."
"Value investing is at its core the marriage of a contrarian streak and a calculator."
"Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred."
"Most investors are primarily oriented toward return, how much they can make and pay little attention to risk, how much they can lose."