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— Seth Klarman"When you buy bargains and they become better bargains, it is easy to start to question yourself, which can impair your judgement. Real or imagined concerns about client redemptions, employee defections can greatly influence behavior away from rational."
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The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.
— Seth Klarman
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The Culture of Complaint... We live in a culture of complaint because everyone is always looking for things to complain about. It's all tied in with the desire to blame others for misfortunes and to get some form of compensation into the bargain.
— Alexander McCall Smith
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