Very often, I find investors are more excited about the act of investing than the acquisition of the wisdom. Investors are more fixated on short-term gratification than to focus on generating long-term sustainable returns.
However, we are very fortunate to be made aware of a fool-proof philosophy by Seth Klarman, that will guide us through our investing journey – if we remain disciplined in what we learn.
In this article, we will be sharing with you the 10 important things that you must know before investing like Seth Klarman. These nuggets of advice are taken from his famous book Margin of Safety and interviews over the years.
1. Risk first, then returnPsychologists have found out that we are a lot more affected by losses than earnings. When prices start to plunge, the amount of fear that we experience may overwhelm any rational thinking we should have.
At that juncture, if
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