Seth Andrew Klarman (born May 21, 1957) is an American billionaire investor and hedge fund manager. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982, managing over $27 billion in assets. Klarman is known as one of the most successful value investors of his generation, achieving annualized returns...
"The single greatest edge an investor can have is a long-term orientation. Value investing requires buying at a significant discount to conservative estimates of intrinsic value."
Buy at significant discounts to intrinsic value.
Read Full Analysis →"We focus on bottom-up analysis, one security at a time. Each investment must stand on its own merits with a clear path to value realization."
Analyze each investment individually on its merits.
Read Full Analysis →"The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions."
Market cycles are driven by human psychology, not fundamentals.
Read Full Analysis →Seth Klarman has 3 key principles on value assessment. The most important one is "Margin of Safety in Valuation" — The single greatest edge an investor can have is a long-term orientation.
Seth Klarman applies value assessment through several key principles including "Margin of Safety in Valuation" and "Bottom-Up Value Analysis". These principles guide practical investment decisions and have been tested across decades of market cycles.
Seth Klarman's approach to value assessment is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Seth Klarman provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
