It's incredibly important to note that when you don't allow failure, you get more failure.
Seth KlarmanPeople should be highly sceptical of anyone's including their own, ability to predict the future, and instead pursue strategies that can survive whatever may occur.
Seth KlarmanAll investors must come to terms with the relentless continuity of the investment process.
Seth KlarmanRight at the core, the mainstream has it backwards. Warren Buffett often quips that the first rule of investing is to not lose money, and the second rule is to not forget the first rule. Yet few investors approach the world with such a strict standard of risk avoidance.
Seth Klarman