Seth Klarman once said that in investing, whenever you act, “you are effectively saying, I know more than the market. I am going to buy when everybody else is selling. I am going to sell when everybody else is buying.” Q4 hedge fund letters, conference, scoops etc He called this mentality, “arrogant” and went on to say that for investors to be successful at their art, they need to temper this arrogance with “the humility of knowing we could be wrong.” Michael Mauboussin’s latest research paper focuses on the same topic but from a different angle. Titled “Who is on…
Michael Mauboussin: Who Is On The Other Side?
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk