Value investing is like an inoculation where exposure to the philosophy either makes sense to you or it doesn't, and those who grasp it fundamentally tend to remain committed to it, whereas external argument rarely converts skeptics.

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Speaker

Seth Klarman

Evidence Quote

value investing is something not everybody is comfortable with but that it's like an inoculation when you get introduced to the approach either it makes sense and you get it or you don't

Source

Seth Klarman – Timeless Value Investing (EP.328)Capital Allocators with Ted Seides
Created: 8/12/2026, 5:57:12 PM

My Notes

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