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Things that have never happened before are bound to occur with some regularity. You must always be prepared for the unexpected, including sudden, sharp downward swings in markets and the economy. Whatever adverse scenario you can contemplate, reality can be far worse.

Seth Klarman

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Seth Klarman
Age: 67
Born: 1957
Born: May 21
New York City
New York
Seth Andrew Klarman
Never
Prepared
Markets
Regularity
Economy
Sharp
Scenario
Happened
Sudden
Adverse
Whatever
Bound
Contemplate
Reality
Unexpected
Scenarios
Must
Bounds
Swings
Always
Worse
Contemplating
Things
Including
Occur
Downward

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