Sell When Value Is Realized
"Sell when the price reaches your estimate of intrinsic value. Don't get greedy and hold for more — discipline in selling is crucial."
Sell at intrinsic value, don't wait for more.
Read Full Analysis →Seth Andrew Klarman (born May 21, 1957) is an American billionaire investor and hedge fund manager. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982, managing over $27 billion in assets. Klarman is known as one of the most successful value investors of his generation, achieving annualized returns...
"Sell when the price reaches your estimate of intrinsic value. Don't get greedy and hold for more — discipline in selling is crucial."
Sell at intrinsic value, don't wait for more.
Read Full Analysis →"Regularly challenge your investment thesis. If the facts change, change your mind. Stubbornness is not a virtue in investing."
Challenge your thesis when facts change.
Read Full Analysis →"When you realize you've made a mistake, sell immediately. The cost of holding a mistake far exceeds the embarrassment of admitting it."
Sell mistakes quickly without ego.
Read Full Analysis →Seth Klarman has 3 key principles on selling & review. The most important one is "Sell When Value Is Realized" — Sell when the price reaches your estimate of intrinsic value.
Seth Klarman applies selling & review through several key principles including "Sell When Value Is Realized" and "Review Thesis Regularly". These principles guide practical investment decisions and have been tested across decades of market cycles.
Seth Klarman's approach to selling & review is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Seth Klarman provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.