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Quotes from Seth Klarman Interview
The cyclical nature of market optimism versus pessimism and the contrarian investing strategy of being prudent.
TRANSCRIPT
Do we have to be more prudent than ever right now What your base case on that kind of optimism versus pessimism point Well first of all I don think there is a norm about the swing of optimism to pessimism and vice versa But the stock market goes up seven or eight years out of every 10 So you can take it from there, but usually not in the 20s of
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