"When all the experts and forecasts agree – something else is going to happen."
Shana Sissel,, president and CEO of Banrion Capital Management.
"Invest with a margin of safety. It is precisely because we do not and cannot know all the risks of an investment that we strive to invest at a discount. The bargain element helps to provide a cushion for when things go wrong.”
Seth Klarman, CEO and portfolio manager at Baupost Group.
Growth has improved relative to value, because like relative valuations, fundamentals have trended rather than mean reverted.”
Sébastien Page, Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price.
"Incentives and free markets are essential for a high-functioning economy, but their existence assures that some members of the economy will do better than others. You can’t have one without the other.”
Howard Marks, co-founder of Oaktree Capital.