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— Seth Klarman"Value investing is the discipline of buying shares at a significant discount from their current underlying values and holding them until more of their value is realised. The element of a bargain is the key to the process."
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To bargain freedom for security is the devil's bargain. Having made the bargain, one enjoys neither freedom nor security.
— Gerry Spence
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Experience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on a bargain basis or not at all.
— Benjamin Graham
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