"If only one word is to be used to describe what Baupost does, that word should be: 'Mispricing'. We look for mispricing due to over-reaction."

-- Seth Klarman

“The leg of a baby is stronger than the balls of Muhamed Ali”
“But the problem is to make the soul into a monster”
“One of the most persistent of all delusions is the conviction that the source of our dissatisfaction lies outside ourselves.”

Source : B. Alan Wallace (2014). “Mind in the Balance: Meditation in Science, Buddhism, and Christianity”, p.41, Columbia University Press
“Merging photographs can be more real than the isolated image because reality is so much more rich than just an isolated moment.”
“I'm not going to stop torturing myself till I figure out the cause of my pain.”
“You accept that this civilisation could be abolished and life will begin later on after a few thousand years because that is something that has happened in the history of this planet. When you have peace in yourself and accept, then you are calm enough to do something, but if you are carried by despair there is no hope.”
“Whoever had decided that school should start so early in the morning and last all day long needed to be hunted down and forced to watch hours of educational televison without the aid of caffine.”
“That's what love is made of, snakes, snails, and puppy dog tails, sugar, spice, and everything nice.”

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