Money and Finance
- 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...
- Target Risk, Not Return
From Seth Klarman, via Margin of Safety:Targeting investment returns leads investors to focus on upside potential rather than on downside risk....Rather than targeting a desired rate of return, even an eminently reasonable one, investors should target...
- Seth Klarman Quote
“Generally, the greater the stigma or revulsion, the better the bargain.” –Seth Klarman, The Most Important Thing Illuminated ...
- Seth Klarman Quote (holding Cash)
“In recent years, holding cash is so completely out of favor that it has become the ultimate contrarian investment.” –Seth Klarman, The Most Important Thing Illuminated ...
- The Most Important Thing Illuminated
This looks pretty interesting:Forthcoming! The Most Important Thing Illuminated (digital edition) will be available at Amazon, iTunes, and wherever e-books are sold! ...Now, Columbia Business School Publishing is proud to announce an innovative digital...
Money and Finance
Seth Klarman quote on silos
From The Most Important Thing Illuminated (book to be released April 17th....Kindle edition HERE):
“Silos are a double-edged sword. A narrow focus leads to potentially superior knowledge. But concentration of effort within rigid boundaries leaves a strong possibility of mispricings outside those borders. Also, if others’ silos are similar to your own, competitive forces will likely drive down returns in spite of superior knowledge within such silos.” –Seth Klarman
- 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...
- Target Risk, Not Return
From Seth Klarman, via Margin of Safety:Targeting investment returns leads investors to focus on upside potential rather than on downside risk....Rather than targeting a desired rate of return, even an eminently reasonable one, investors should target...
- Seth Klarman Quote
“Generally, the greater the stigma or revulsion, the better the bargain.” –Seth Klarman, The Most Important Thing Illuminated ...
- Seth Klarman Quote (holding Cash)
“In recent years, holding cash is so completely out of favor that it has become the ultimate contrarian investment.” –Seth Klarman, The Most Important Thing Illuminated ...
- The Most Important Thing Illuminated
This looks pretty interesting:Forthcoming! The Most Important Thing Illuminated (digital edition) will be available at Amazon, iTunes, and wherever e-books are sold! ...Now, Columbia Business School Publishing is proud to announce an innovative digital...