"The most dramatic and valuable lesson from the fabulous (and still counting) 50-plus-year investment career of Warren Buffett is the legendary account of his steadfast conviction amidst the 1973--75 bear market," Seth Klarman opined in the opening paragraph of an article published in the February 15, 1999 issue of financial magazine Barron's.
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Titled 'Why Value Investors Are Different,' Klarman's article is a homage to Warren Buffett and his investing style, but it also contains several valuable lessons for value investors that are still relevant even today.
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