"While it might seem that anyone can be a value investor, the essential characteristics of this type of investor-patience, discipline, and risk aversion-may well be genetically determined."

-- Seth Klarman

#Intelligent Quotes #Discipline Quotes #Risk Quotes

“If you can see it, and believe it, it is a LOT easier to achieve it”
“Nothing is more short-lived than pride.”

Source : Ben Jonson (1756). “The Works of Ben. Jonson: Underwoods. Timber; or, Discoveries made upon men and matter. Horace, Of the art of poetry [with an English translation by Jonson]. The English grammar. Leges convivales, rules for the Tavern Academy. The case is altered”, p.118
“Then I lie down on the horse blanket and drift into a dream about Marlena that will probably cost me my soul.”
“I see the experience of pictures as a kind of cycle, a kind of circular motion in which you're in the world, then you enter the picture and you're in a different world (it's not the same as the one you live in, but recognizable as one you might live in). And then you're returned to your world with an enlarged sense of its possibilities.”
“Stand up for what you think is right. That might be very different from what I am saying today, but you are allowed to differ from me just as I am allowed to differ from you. That is part of our strength as a country that we can differ from each other.”
“A trophy carries dust. Memories last forever.”
“Some people, myself in particular, have an adversarial relationship with the camera, and it sprouts up in every photograph.”
“It seems to me, that this, too, is how memory works. What we remember of what was done to us shapes our view, molds us, sets our stance. But what we remember is past, it no longer exists, and yet we hold on to it, live by it, surrender so much control to it. What do we become when we put down the scripts written by history and memory, when each person before us can be seen free of the cultural or personal narrative we've inherited or devised? When we, ourselves, can taste that freedom.”

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