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Seth Klarman
By admin - Posted on October 29th, 2008
Tagged: Early in the process of defining how to update Graham and Dodd’s Security Analysis, the acknowledged “bible of value investing,” lead editor Seth Klarman and his assembled team abandoned any notion of editing the text of 1940’s second edition. “It would have taken a decade to rewrite, with absolutely no assurance we could have improved upon it anyway,” he says.
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Early in the process of defining how to update Graham and Dodd’s Security Analysis, the acknowledged “bible of value investing,” lead editor Seth Klarman and his assembled team abandoned any notion of editing the text of 1940’s second edition. “It would have taken a decade to rewrite, with absolutely no assurance we could have improved upon it anyway,” he says.
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By admin - Posted on June 12th, 2008
Tagged: Alex Bossert says "A friend sent me a video of a speech given by Seth Klarman at the Columbia Business School. Klarman’s hedge fund the Baupost Group has done over 20% a year since he founded the firm in 1983 with only one down year. Of all the articles/speeches/interviews of value investment managers this is one of the best speeches I’ve ever watched.
Alex Bossert says "A friend sent me a video of a speech given by Seth Klarman at the Columbia Business School. Klarman’s hedge fund the Baupost Group has done over 20% a year since he founded the firm in 1983 with only one down year. Of all the articles/speeches/interviews of value investment managers this is one of the best speeches I’ve ever watched.
By admin - Posted on June 8th, 2008
Tagged: Seth Klarman of Baupost Group's speech at MIT back in October, 2007. Just a warning, as its a bit on the long side, but definitely well worth reading in its entirety.
Seth Klarman of Baupost Group's speech at MIT back in October, 2007. Just a warning, as its a bit on the long side, but definitely well worth reading in its entirety.
By admin - Posted on February 27th, 2008
Tagged: Baupost Group, a hedge fund run by deep value investor Seth Klarman, just raised their stake in SLM Corp from 1,415,000 shares at the quarter ended Sept. 30, 2007 to 21,911,966 shares at the quarter ended Dec. 31, 2007. An increase of nearly 20.5 million shares.
Baupost Group is now the fourth largest holder of SLM with a position worth $482 million. Baupost Group, run by Seth Klarman, is a $7+ billion investment group that has returned approximately 20% annually since inception. SLM is now the firm's largest holding.
Baupost Group, a hedge fund run by deep value investor Seth Klarman, just raised their stake in SLM Corp from 1,415,000 shares at the quarter ended Sept. 30, 2007 to 21,911,966 shares at the quarter ended Dec. 31, 2007. An increase of nearly 20.5 million shares.
Baupost Group is now the fourth largest holder of SLM with a position worth $482 million. Baupost Group, run by Seth Klarman, is a $7+ billion investment group that has returned approximately 20% annually since inception. SLM is now the firm's largest holding.
By admin - Posted on February 22nd, 2007
Tagged:
Seth Klarman is not as known as such trading greats as Warren Buffett, George Soros or Carl Icahn, but his track record is certainly up there with the best. Perhaps even more impressive than the 20%-plus annual returns he's delivered since launching his hedge fund in the early 1980s (he's returned 6,133% since 1982) is the success of his book, Margin of Safety.
Rather, the price of the book itself has soared almost like shares of Google. Currently on eBay you can pick up copies of Margin of Safety for $600 because the out-of-print book is in such high demand from hedge fund managers. The book's title refers to what Buffett has often said are the three most important words in investing. Buffett, in turn, was quoting Benjamin Graham and David Dodd's classic book, Security Analysis. Graham looked for margin of safety by seeking companies with hard assets -- cash, real estate, equipment, etc. -- that would be worth more liquidated than the value of the company's shares trading in the market.
Seth Klarman is not as known as such trading greats as Warren Buffett, George Soros or Carl Icahn, but his track record is certainly up there with the best. Perhaps even more impressive than the 20%-plus annual returns he's delivered since launching his hedge fund in the early 1980s (he's returned 6,133% since 1982) is the success of his book, Margin of Safety.
Rather, the price of the book itself has soared almost like shares of Google. Currently on eBay you can pick up copies of Margin of Safety for $600 because the out-of-print book is in such high demand from hedge fund managers. The book's title refers to what Buffett has often said are the three most important words in investing. Buffett, in turn, was quoting Benjamin Graham and David Dodd's classic book, Security Analysis. Graham looked for margin of safety by seeking companies with hard assets -- cash, real estate, equipment, etc. -- that would be worth more liquidated than the value of the company's shares trading in the market.
