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— Seth Klarman"As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is either absorbed and adopted at once, or it is never truly learned."
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The thing is that I am a member of that sad, ever-dwindling minority... the child of an unbroken home. I have carried this albatross since the age of eleven, when I started at grammar school. Not a day would pass without somebody I knew turning out to be adopted or illegitimate, or to have mothers who were about to hare off with some bloke, or to have dead fathers and shabby stepfathers. What busy lives they led. How I envied their excuses for introspection, their ear-marked receptacles for every just antagonism and noble loyalty.
— Martin Amis
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Though our brother is upon the rack, as long as we ourselves are at ease, our senses will never inform us of what he suffers. They never did and never can carry us beyond our own persons, and it is by the imagination only that we form any conception of what are his sensations...His agonies, when they are thus brought home to ourselves, when we have this adopted and made them our own, begin at last to affect us, and we then tremble and shudder at the thought of what he feels.
— Adam Smith
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