One of the investors we follow closely at The Acquirer’s Multiple is Seth Klarman. In his best selling book, Margin of Safety, Klarman provides some great insights into how herd mentality towards popular stocks creates buying opportunities for contrarian value investors. Here’s an excerpt from that book: Value investing by … Read More
Seth Klarman – When To Sell & Why Stop Losses Are Crazy – Margin of Safety
Most investors are aware that Warren Buffett bought six shares in Cities Service as an 11 year old. He picked up the shares for $38 each and sold them at $40 per share making a small profit. But to Buffett’s regret the shares eventually rose to more than $200 per … Read More
Seth Klarman – The Definitive Guide On Why Bottom-Up Investing Trounces Top-Down Investing
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 … Read More
Seth Klarman – Beware of Value Pretenders
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 … Read More
Seth Klarman Warns Today’s High Stock Prices Are Masking Perceived Risks
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 … Read More
Seth Klarman – ETF’s Provide Value Investors With A Distinct Advantage. Here’s Why.
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 … Read More
Seth Klarman – 30 Timeless Investing Lessons
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 … Read More
Seth Klarman – The Price You Pay Protects Your Downside – Here’s How
(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 … Read More
Seth Klarman – Value Investing Doesn’t Apply Only To U.S. Companies
(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 … Read More
Seth Klarman – Margin of Safety – Trading Sardines and Eating Sardines
(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 … Read More
Waiting for the Right Pitch – Seth Klarman – Margin of Safety
One of my favorite investors is Seth Klarman, and one of the best books ever written on investing is, Margin of Safety by Seth Klarman. Such is the popularity of Margin of Safety that at the time of writing there are 22 used copies selling for $838 and 3 new copies selling … Read More
How To Select The Right Discount Rate – Margin of Safety – Seth Klarman
One of the best investors on the planet is Seth Klarman, and one of the best books ever written on investing is, Margin of Safety by Seth Klarman. Such is the popularity of Margin of Safety that at the time of writing there are 19 used copies selling for $878 and … Read More
Investing is the Intersection of Economics and Psychology – Seth Klarman (Video)
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 … Read More
There are three central elements to a value-investment philosophy (Part 2) – Seth Klarman
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 … Read More
Human Nature Makes It Hard For Markets To Be Efficient – Seth Klarman
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 … Read More
The Lost Art of Contrary Thinking – Seth Klarman
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 … Read More
There are three central elements to a value-investment philosophy – Part 1 – Seth Klarman
(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 … Read More
Overriding emotional investing by Klarman, Munger and Buffett
(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 … Read More