A portion of a reproduced Seth Klarman letter discussing bear markets and how to manage them.
‘A bear market is still a market’ — Seth Klarman letter on how to play one…reproduced by Value Investor Insight. pic.twitter.com/asCei2LfEB
— Herb Greenberg (@herbgreenberg) March 1, 2015
Have a process and stick with it. Good times and bad. When your process says its time to buy for better long-term returns then do so. You won’t be able to time the bottom of a bear market but a sound process will get you buying into it.
