Jason Bond

What is value investing? youtu.be/pe_65RYaZv0 via @YouTube

The business schools reward difficult, complex behavior more than simple behavior, but simple behavior is more effective. -- Warren Buffett

I'm also interested in companies whose margins are significantly higher or lower than they've been historically. -- Jon Jacobson

We look at all the usual valuation screens to identify stocks that are cheap relative to book value, earnings and cash flow. -- Jon Jacobson

The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much! -- Mohnish Pabrai

Most lack the courage & stamina to stand apart from the herd & tolerate short-term underperformance to reap long-term rewards - Seth Klarman

The big money is not in the selling, but in the waiting. -- Charlie Munger

You can become, to an enormous degree, the person you want to be. - Warren Buffett #ModeltheRightHeroes

It is impossible to produce superior investment performance unless you do something different from the majority. -- John Templeton

For a long-term investor, it's nearly always best to do absolutely nothing. This is even more true if you're tired, stressed, or emotional.

@KailashJwa97780 thx [People who are best at value investing] are absolutely thrilled to find a pair of shoes for $20 that they could have paid $150 for -- Pzena

@ManuPharswal thx Manu 🙏😊✨ including: 💎 Hard work, honesty, if you keep at it, will get you almost anything. - Charlie Munger #HardWork #Honesty #Perseverance

You can have no dominion greater or less than over yourself. -- Leonardo da Vinci

[If at normalized earnings in ~2 years we see an upside 3x the downside in the next year or so, we're usually comfortable] -- Steven Romick

Buying low P/E stocks works in both good markets & bad. You may have to wait a little longer for your return in a bear market. -- Chris Browne

You're neither right nor wrong because the crowd disagrees with you. You're right because your data and reasoning are right. -- Ben Graham

The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. - William Arthur Ward

(2/2) Abnormally good or abnormally bad conditions do not last forever... Corrective forces are usually set in motion which tend to restore profits where they have disappeared or to reduce them where they are excessive in relation to capital. -- Ben Graham

(1/2) It is natural to assume that industries which have fared worse than the average are "unfavorably situated" and therefore to be avoided. The converse would be assumed, of course, for those with superior records. But this conclusion may often prove quite erroneous.

[We] basically spend our time trying to uncover the assorted investment misfits in the market’s underbrush that are largely neglected by the investment community...about 65 percent of the companies in our portfolio had virtually no analyst coverage. -- Carlo Cannell

It's always important to keep in mind that our own balance and equanimity should not be based on external perceptions. -- Matthew McLennan