Home » Investment Strategies Seth Klarman Quote On Investing Versus Speculation UPDATED HFA Staff Published onFebruary 12, 2014 Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More! Investing Versus Speculation From Seth Klarman's Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor REMOVED HFA Staff The post above is drafted by the collaboration of the Hedge Fund Alpha Team. More articles of the author More News Hidden Value Stocks Q4 2025 Issue: Primoat And Hoop Capital Detail Their Favorite Small-caps Artisan Partners Won Big with This Now-Acquired Online Travel Agency by Holding Since the Pandemic Zuken Stock One Year Later: Artisan Partners Says More Fuel Left Why Quants Pay More For Point-In-Time Data