{"slug": "seth-klarman-risk-is-not-inherent-in-an-investment-it-is-always-relative-to-the-pr", "quote": "Risk is not inherent in an investment; it is always relative to the price paid.", "attribution": "Seth Klarman", "attribution_role": "Investor and founder of Baupost Group", "theme": "Risk and valuation", "published_at": "2026-07-05T18:00:30.837883+00:00", "image": "https://sharemaestro.com/market-wisdom/images/seth-klarman-risk-is-not-inherent-in-an-investment-it-is-always-relative-to-the-pr/", "download": "https://sharemaestro.com/market-wisdom/download/seth-klarman-risk-is-not-inherent-in-an-investment-it-is-always-relative-to-the-pr/", "url": "https://sharemaestro.com/market-wisdom/seth-klarman-risk-is-not-inherent-in-an-investment-it-is-always-relative-to-the-pr/"}