Money and Finance
- Baupost Sifted Through Energy Carnage As Bargains Rare
If anyone happens to have the full Baupost year-end letter and could pass it along, I'd be extremely grateful. Link to article: Baupost Sifted Through Energy Carnage as Bargains Rare Seth Klarman said his $28.5 billion Baupost Group identified...
- Seth Klarman Letter Excerpts And Summary
Via ValueWalk: Seth Klarman: Fed Created Truman Show Style Faux Economy In his 2013 letter to investors, Baupost Group's Seth Klarman notes that the Fed has built a “Truman Show”-style faux economy, hates Bitcoin, returns $4 billion to investors...
- Baupost Co-portfolio Manager Wagner To Start His Own Firm
Herb Wagner, the Baupost Group LLC executive appointed as Seth Klarman’s co-portfolio manager two years ago, will leave the firm at the end of 2012 to start his own investment company, according to a letter sent to the hedge fund’s clients yesterday....
- 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...
Money and Finance
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.
-----
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, sent out his letter to investors this week.
He reports that his fund is up for the month, quarter, and year, but is sending out specifics in separate quarterly reports.
That said: The juicy part of this letter has nothing to do with specific investments or anything like that. What's interesting is that, like some of his industry peers (David Einhorn), Klarman has words for the Fed, and those words are all about QE3.
He said that like QE1 and QE2, QE3 is no lasting solution. He sees it, instead, as "attempted manipulation of Americans' behavior."
- Baupost Sifted Through Energy Carnage As Bargains Rare
If anyone happens to have the full Baupost year-end letter and could pass it along, I'd be extremely grateful. Link to article: Baupost Sifted Through Energy Carnage as Bargains Rare Seth Klarman said his $28.5 billion Baupost Group identified...
- Seth Klarman Letter Excerpts And Summary
Via ValueWalk: Seth Klarman: Fed Created Truman Show Style Faux Economy In his 2013 letter to investors, Baupost Group's Seth Klarman notes that the Fed has built a “Truman Show”-style faux economy, hates Bitcoin, returns $4 billion to investors...
- Baupost Co-portfolio Manager Wagner To Start His Own Firm
Herb Wagner, the Baupost Group LLC executive appointed as Seth Klarman’s co-portfolio manager two years ago, will leave the firm at the end of 2012 to start his own investment company, according to a letter sent to the hedge fund’s clients yesterday....
- 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...