Seth Klarman – 20 Investment Lessons From 2008

Johnny HopkinsSeth Klarman Comments

As we’re currently in the midst of a sustained bull market it seems like a good time to reflect on the 2008 financial crisis and some of the lessons we should remember when everything appears to be rosy in the stock market. Back in 2010, Value Investors Insight printed a great article, with permission from Seth Klarman, which included 20 lessons from … Read More

Great Investors Focus On Absolute-Performance Rather Than Relative-Performance – Seth Klarman

Johnny HopkinsSeth Klarman, Warren Buffett Comments

Earlier this month The Washington Post published an article titled – Warren Buffett’s $100 Billion Problem. The article was reporting on the $100 Billion that Berkshire has accumulated in cash over the years, stating: Warren Buffett celebrated his 87th birthday a few days ago, but the bigger number in his life is the $100 billion mound of cash that his Berkshire … Read More

Here’s What Great Fund Managers Do When There Are Few Opportunities – Seth Klarman

Johnny HopkinsSeth Klarman Comments

According to a recent article at Bloomberg, Seth Klarman the head of Baupost is returning capital to his investors because he can’t find sufficient opportunities in the market today. This is not the first time Baupost has returned capital to its investors. The hedge fund did the same thing in 2010 and 2013. Here’s an excerpt from the article: Seth … Read More

Great Investors Create Their Own Version Of Omaha – Buffett, Munger, Klarman, Pabrai

Johnny HopkinsCharles Munger, Guy Spier, Mohnish Pabrai, Seth Klarman, Warren Buffett Comments

One of the biggest problems facing investors is the amount of ‘noise’ that we get from the financial media and commentators. Financial news sections, the internet, and podcasts are continually bombarding us with the latest ‘hot stock’ or miracle investing strategy. Meanwhile investors get caught up in the noise checking their stocks daily to see what’s performing well and what’s … Read More

25 Timeless Investing Lessons From Seth Klarman

Johnny HopkinsSeth Klarman Comments

One of our favorite investors here at The Acquirer’s Multiple is of course Seth Klarman. Klarman is one of the smartest investors on the planet and he’s always been very open in sharing his insights with other investors. While Klarman has provided dozens of investing lessons over the years via his speeches, interviews, and shareholder letters, here is a collection … Read More

Seth Klarman – The Real Secret To Investing Is That There Is No Secret To Investing

Johnny HopkinsSeth Klarman Comments

One of our favorite investors here at The Acquirer’s Multiple is Seth Klarman and one of the best articles ever written by Klarman is the comprehensive preface that he wrote in the 6th Edition of the value investing bible, Security Analysis. In his closing thoughts Klarman explains that as long as human beings chase instant wealth and effortless gain, value … Read More

Seth Klarman – There Is Only One Valid Rule For Selling – Margin of Safety

Johnny HopkinsSeth Klarman Comments

One of our favorite investors here at The Acquirer’s Multiple 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. In the book Klarman provides some great insight on one of the biggest problems … Read More

Seth Klarman – Value Investing Is Like The E=mc2 of Money and Investing

Johnny HopkinsSeth Klarman Comments

One of the best resources for investors are the Santangel Investor Forum and The Santangel Roundtable. These invitation-only events offer unique investment ideas from some of the world’s top investors. Events were created by The Santangel Review which also provides some great commentary on leading investors. My favorite commentary is called, The Collected Wisdom of Seth Klarman, which provides a compilation of … Read More

Seth Klarman – 13 Tips On How To Find Bargains

Johnny HopkinsSeth Klarman Comments

One of the best resources for investors are the Santangel Investor Forum and The Santangel Roundtable. These invitation-only events offer unique investment ideas from some of the world’s top investors. Events were created by The Santangel Review which also provides some great commentary on leading investors. My favorite commentary is called, The Collected Wisdom of Seth Klarman, which provides a compilation of … Read More

Seth Klarman – Herd Mentality Creates Buying Opportunities For Contrarians – Margin of Safety

Johnny HopkinsSeth Klarman Comments

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 its very nature is contrarian. Out-of-favor securities may be undervalued; popular … Read More

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