Mark Sellers

15 quotes3 research pieces3 downloadable PDFs

Quotes(15)

Price matters more than stories
Source:Valuation Discipline & Margin of Safety
A great business bought at the wrong price can be a poor investment
Source:Valuation Discipline & Margin of Safety
Margin of safety is not optional.
Source:Valuation Discipline & Margin of Safety
Concentration is earned through knowledge, not conviction alone.
Source:Concentration With Caution
Few positions, deeply understood, reduce error.
Source:Concentration With Caution
Diversification cannot protect against ignorance.
Source:Concentration With Caution
Leverage removes the ability to wait.
Source:Skepticism Toward Leverage & Excess
Debt turns mistakes into disasters
Source:Skepticism Toward Leverage & Excess
Survivability is the foundation of compounding.
Source:Skepticism Toward Leverage & Excess
We don’t need to predict the future — we need to prepare for it.
Source:Temperament & Process Over Forecasting
Consistency of process matters more than precision of forecasts.
Source:Temperament & Process Over Forecasting
Emotional control is an edge.
Source:Temperament & Process Over Forecasting

Research & Reading(3)

Sellers Capital Investor Letters

So You Want To Be The Next Warren Buffett

Learnings From My Investing Career

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