Embedded below is the video of seth klarman s talk. In addition, since he speaks so rarely every word he says is precious. Seth andrew klarman born may 21, 1957 is an american billionaire investor, hedge fund. In the interview, klarman touches on numerous topics ranging from his evolution as an investor, the financial crisis, and his current concerns. The hedge fund manager revealed the three key pillars of his investing approach. Seth klarman, one of the most respected value investing hedge fund managers in the. Rather this book is a blueprint that, if carefully followed. Because he is a student of history and human nature, seth klarman trades, portfolios. Seth klarman is not a household name, but his letter to investors, warning about the new administration, is the most soughtafter read on wall street. Top 10 stocks held by seth klarman baupost group llc ma by holdings channel staff, updated wednesday, april 15, 5. Additionally, you can read a profile of seth klarman here. In fact, klarman himself has written one of the most coveted books on investing out there, margin of safety. Posts about seth klarman written by tobias carlisle.
Seth klarman s list of 32 books that every investor should read. The inside story on billionaire seth klarmans devoted following. Jay at market folly has introduced a quarterly newsletter hedge fund. I cannot begin any article about seth klarman without stating he is one of the best investors ever. First off a big hat tip to market folly for giving me the idea, and the content for this webpage. He believed that there was serious market opportunity for value investors in the coming months. During the financial crisis, seth klarmans funds lost somewhere between 7% and %. Legendary value investor seth klarman, the founder of bostonbased hedge fund baupost group.
Market folly a while back we detailed thoughts from baupost groups seth klarman where the legendary investor was worried about inflation and the markets. Bauposts klarman proud of funds high singledigit return last year even though it trailed the market. When the market starts to go down, he explained, a lot of people overreact and start to panic. Its revered by many value investors as a prime source of wisdom. Published in 1991, this book has since become a bible for value investors around the. Seth klarmans baupost group yearend letter excerpts 2018. In the past, weve detailed various investment book recommendations from some truly notable investors.
Charlie mungers recommended reading list market folly. Klarman is also the author of margin of safety, a hard to find book thats no longer in print. If you havent noticed before, weve compiled a list of books recommended by top investors like seth klarman, warren buffett and many others on the right sidebar of the website. Seth klarman in a recent issue of the idea farm, meb faber starts a great profile on investing demigod seth klarman with this quote. During the interview klarman was asked for his book recommendations. This time around well look at picks from charlie munger, warren buffetts business partner at berkshire hathaway. Back in 2010 jason zweig interviewed seth klarman at the cfa institute annual conference. Thanks to a reader for sending us the following notes from seth klarmans famous book, margin of safety.
Notes from seth klarmans margin of safety market folly. You can be a stock market genius by joel greenblatt 10 out of 24 michael burry, david einhorn, dan loeb, bill ackman, and seth klarman have all recommended joel greenblatts you can be a stock market genius. A slideshow of the top 10 stocks held by seth klarman. Riskaverse value investing strategies for the thoughtful investor by seth a. Really stop for a minute and reread it a couple times. Seth klarman has released baupost groups 2018 yearend letter and its already received some media coverage which we linked to yesterday regarding his thoughts on rising global uncertainty, rising division in america, and growing global debt. The making of an american capitalist by roger lowenstein, the aggressive conservative investor by ma. The investing secrets of hedge fund legend seth klarman. A quiet giant of investing weighs in on trump the new. After all, apart from warren buffett, baupost groups seth klarman is widely regarded as one of the most successful investment managers in the game.
Seth klarman on value investing june 8, 2016 by jon in 1991, seth klarman was about 9 years into his investment career with baupost and had a pristine track record. This list could quite possibly top them all though. In his book, margin of safety, klarman illustrated how astute investors can profit from the folly of those whose. This collection of letters made available by, your. In 1991, klarman published his only book, margin of safety, risk averse investing strategies for. Seth klarman shared his top investment tips and strategies in a rare talk during the worst of the financial crisis. Investment legend seth klarman runs bostonbased firm baupost. Additionally, klarman recommended a few books which we compiled into a list. But we wanted to highlight what he learned as an investor from his. Market inefficiencies, and institutional constraints 162 11 investing in thriftconversions 182 12 investing in financially distressed and bankruptsecurities 189 portfolio managementand trading 209. Seth klarman has a rabid following thats stuck with him through thick and thin. Bauposts letters to investors between 1995 and 2001 compiled by pdf download. Seth klarman also references grahams mr market analogy when he is. He provided a number of specific books and authors that investors should consider reading.
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