Seth Klarman – The Definitive Guide On Why Bottom-Up Investing Trounces Top-Down Investing

Johnny HopkinsSeth Klarman Comments

There’s a lot of discussion on which is the better investing strategy, bottom-up investing or top-down investing. The definitive guide can be found in Chapter 7 of Seth Klarman’s book, Margin of Safety. Here’s an excerpt from that book: There is no margin of safety in top-down investing. Topdown investors are not buying based on value; they are buying based on a … Read More

Seth Klarman – Beware of Value Pretenders

Johnny HopkinsSeth Klarman Comments

With so many articles dedicated to the debate on value stocks vs growth stocks I think it’s a good time to revisit what Seth Klarman calls ‘Value Pretenders’ in his best-selling book, Margin of Safety. Here’s an excerpt from that book: “Value investing” is one of the most overused and inconsistently applied terms in the investment business. A broad range of strategies … Read More

Seth Klarman Warns Today’s High Stock Prices Are Masking Perceived Risks

Johnny HopkinsSeth Klarman Comments

According to a recent article by Business Insider, Seth Klarman has warned investors that today’s high stock prices are masking perceived risks. Here’s an excerpt from that article: “When share prices are low, as they were in the fall of 2008 into early 2009, actual risk is usually quite muted while perception of risk is very high,” Klarman wrote. “By … Read More

Seth Klarman – ETF’s Provide Value Investors With A Distinct Advantage. Here’s Why.

Johnny HopkinsSeth Klarman Comments

One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Seth Klarman. Back in February this year, Klarman released The Baupost Group’s 2016 year end letter in which he discusses the impact of ETF’s on the hedge fund industry and why ETF’s present long-term value investors with a distinct advantage. It’s a must read for all investors. Here’s … Read More

Seth Klarman – 30 Timeless Investing Lessons

Johnny HopkinsSeth Klarman Comments

One of our favorite investors here at The Acquirer’s Multiple – Stock Screener is Seth Klarman. Klarman is a value investing legend who runs The Baupost Group, one of the largest hedge funds in the U.S. He also wrote one of the best books ever written on investing called Margin of Safety. Such is the popularity of Margin of Safety that at the time of … Read More

Seth Klarman – The Price You Pay Protects Your Downside – Here’s How

Johnny HopkinsSeth Klarman Comments

(Image Source, Investopedia, investopedia.com/news/who-seth-klarman, [Accessed 19 Mar, 2017]) One of our favorite investors here at The Acquirer’s Multiple – Stock Screener is Seth Klarman. Klarman is a value investing legend who runs The Baupost Group, one of the largest hedge funds in the U.S. He also wrote one of the best books ever written on investing called Margin of Safety. Such is the popularity … Read More

Seth Klarman – Value Investing Doesn’t Apply Only To U.S. Companies

Johnny HopkinsSeth Klarman Comments

(Image Source, Investopedia, investopedia.com/news/who-seth-klarman, [Accessed 12 Mar, 2017]) One of our favorite investors here at The Acquirer’s Multiple – Stock Screener is Seth Klarman. Klarman is a value investing legend who runs The Baupost Group, one of the largest hedge funds in the U.S. He also wrote one of the best books ever written on investing called Margin of Safety. Such is the popularity … Read More

Seth Klarman – Margin of Safety – Trading Sardines and Eating Sardines

Johnny HopkinsSeth Klarman Comments

(Image Source, Investopedia, http://www.investopedia.com/news/who-seth-klarman, [Accessed 28 Feb, 2017]) One of our favorite investors here at The Acquirer’s Multiple is Seth Klarman. Klarman wrote one of the best books ever written on investing called Margin of Safety. Such is the popularity of Margin of Safety that at the time of writing there are 12 used copies selling for $1349 and 6 new copies selling … Read More

Investing is the Intersection of Economics and Psychology – Seth Klarman (Video)

Johnny HopkinsSeth Klarman Comments

I can’t get enough of Seth Klarman, one of the best investing minds on the planet. Klarman is a value investing legend who runs The Baupost Group, one of the largest hedge funds in the U.S. He’s also the author of the best selling book, Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor. In 2011, Klarman explained the psychology necessary to be … Read More

There are three central elements to a value-investment philosophy (Part 2) – Seth Klarman

Johnny HopkinsResources, Seth Klarman Comments

Seth Klarman is a value investor and Portfolio Manager of the investment partnership, The Baupost Group. Founded in 1983, The Baupost Group now has $27 billion in Assets Under Management. Klarman is also the author of the best selling book “Margin of Safety” which sells for around $1000 on Amazon. One of the best chapters in this book is Chapter 7, At … Read More

Human Nature Makes It Hard For Markets To Be Efficient – Seth Klarman

Johnny HopkinsResources, Seth Klarman Comments

Seth Klarman is a value investor and Portfolio Manager of the investment partnership The Baupost Group. Founded in 1983, The Baupost Group now manages $27 billion in Assets Under Management, and has averaged returns of nearly 20% annually since their inception. Klarman is also author of the book “Margin of Safety“. Published in 1991, it is now out of print, … Read More

The Lost Art of Contrary Thinking – Seth Klarman

Johnny HopkinsResearch, Resources, Seth Klarman Comments

Just about every investor has heard of Seth Klarman. According to Forbes, “Investing legend Seth Klarman runs Boston-based firm The Baupost Group. With $27 billion under management, Baupost is one of the largest hedge funds. It posted small losses in 2015. An avid philanthropist, his foundation’s assets hit $350 million as of the latest public filing.” “An admirer of Warren … Read More

There are three central elements to a value-investment philosophy – Part 1 – Seth Klarman

Johnny HopkinsResearch, Resources, Seth Klarman Comments

(Image Credit, advisoranalyst.com) One of the best books on investing is Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor, by Seth Klarman. According to Forbes: Investing legend Seth Klarman runs Boston-based firm Baupost. With $27 billion under management, Baupost is one of the largest hedge funds. It posted small losses in 2015. An avid philanthropist, his foundation’s assets hit … Read More

Overriding emotional investing by Klarman, Munger and Buffett

Johnny HopkinsSeth Klarman, Study Comments

(PHOTO: Source http://www.talkativeman.com/seth-klarmans-recommended-books-on-investing/) Recently I wrote an article on investing and Behavioral Finance. Behavioral finance is a relatively new field that seeks to combine behavioral and cognitive psychological theory with conventional economics and finance to provide explanations for why people make irrational financial decisions. The article is called, The biggest problem in share investing, is you! It demonstrates how human beings make terrible decisions … Read More