Money and Finance
- Klarman Returns Cash
Link to: Klarman returns cash [via ValueWalk]On stage at the Grant’s conference, seated on a bar stool, Seth Klarman corrected a misapprehension. This is not the first time The Baupost Group LLC, over which he presides, has returned cash to its investors....
- Seth Klarman Goes Nuts On The Fed In His Latest Investor Letter
Update: There are more excerpts HERE. ----- Thanks to Will for passing this along. I haven’t seen a copy of the whole letter, but there is a very short excerpt in this article. Seth Klarman, the legendary head of Boston based hedge fund Baupost Group,...
- Fortune: Big Winner In Government's Jpmorgan Suit: A Hedge Fund
Found via Santangel’s Review. In a Wall Street vs. Wall Street fight, the NY AG Eric Schneiderman just gave hedgie Seth Klarman the upper hand. A hedge fund manager who made money betting against the housing bubble, and the terrible mortgage loans that...
- Seth Klarman: The Oracle Of Boston
HEDGE-FUND bosses rarely double as cult authors. But an out-of-print book by Seth Klarman, the boss of the Baupost Group, sells for as much as $2,499 on Amazon. A scanned version of “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful...
- Seth Klarman - 2006 Video
Great find by Dang Le: - Guest Lecturer Seth Klarman - Psychology of Leadership - .................... If you would like to download the video, see this post: RealPlayer - A Useful New Addition .......... Other Seth Klarman posts/links: - Seth Klarman...
Money and Finance
John Mauldin's Outside the Box: Seth Klarman: Investors Downplaying Risk “Never Turns Out Well”
Link to: Seth Klarman: Investors Downplaying Risk “Never Turns Out Well”
Today’s Outside the Box is unusual in that it isn’t an original document but rather a summary of a client letter from one of the greatest investors of our generation, Seth Klarman, who is also one of the more reclusive – he rarely speaks in public or grants interviews. He is known for his very deep value investing style and willingness to pursue value where others get very nervous.
This last year he returned $4 billion cash to his clients (from a fund in the $30 billion range). Not difficult for a hedge fund, you may say, but this is what a good value investor does when there aren’t many opportunities. He won't have any trouble raising cash if he decides he wants more at some point, as his fund is easily in the top-performing bracket by almost any measure. Some refer to him as the Warren Buffett of his generation.
I think the author of the piece you’re about to peruse, Mark Melin, did a pretty good job of giving us the highlights and a little color from what is really a thought-provoking letter from Seth Klarman.
- Klarman Returns Cash
Link to: Klarman returns cash [via ValueWalk]On stage at the Grant’s conference, seated on a bar stool, Seth Klarman corrected a misapprehension. This is not the first time The Baupost Group LLC, over which he presides, has returned cash to its investors....
- Seth Klarman Goes Nuts On The Fed In His Latest Investor Letter
Update: There are more excerpts HERE. ----- Thanks to Will for passing this along. I haven’t seen a copy of the whole letter, but there is a very short excerpt in this article. Seth Klarman, the legendary head of Boston based hedge fund Baupost Group,...
- Fortune: Big Winner In Government's Jpmorgan Suit: A Hedge Fund
Found via Santangel’s Review. In a Wall Street vs. Wall Street fight, the NY AG Eric Schneiderman just gave hedgie Seth Klarman the upper hand. A hedge fund manager who made money betting against the housing bubble, and the terrible mortgage loans that...
- Seth Klarman: The Oracle Of Boston
HEDGE-FUND bosses rarely double as cult authors. But an out-of-print book by Seth Klarman, the boss of the Baupost Group, sells for as much as $2,499 on Amazon. A scanned version of “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful...
- Seth Klarman - 2006 Video
Great find by Dang Le: - Guest Lecturer Seth Klarman - Psychology of Leadership - .................... If you would like to download the video, see this post: RealPlayer - A Useful New Addition .......... Other Seth Klarman posts/links: - Seth Klarman...