According to his latest Form 4, filed 07/27/2020, Seth Klarman has further increased his stake in Viasat Inc by 2,556,891 shares, at an average price of $39.11, totalling $100,000,007. This takes his total position in Viasat Inc to 16,288,959 shares.
Seth Klarman: Top Buys, Top Sells (Q1 2020)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Seth Klarman: Top 10 Holdings (Q1 2020)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Seth Klarman: How To Hedge Your Portfolio
In Seth Klarman’s Book Margin of Safety he provides some great examples of how investors can hedge their portfolios, depending on what they’re currently holding. Here’s an excerpt from the book: Market risk—the risk that the overall stock market could decline—cannot be reduced through diversification but can be limited by … Read More
Seth Klarman: Finding Bargains Amongst The Carnage And Seeking New Capital
Here’s an article from Yahoo Finance which reports that Seth Klarman at Baupost has spent $1.5 Billion buying assets in recent weeks, and is seeking more capital for his hedge fund. Here’s an excerpt from the article: The value investor told clients this week that Baupost Group has spent about $1.5 … Read More
Seth Klarman: Top 10 Holdings (Q4 2019)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Seth Klarman: Investors Should Not Target A Desired Rate Of Return
In his book, Margin of Safety, Seth Klarman provides some great insights into the reasons why investors should not target desired rates of return, saying: Choosing to avoid loss is not a complete investment strategy; it says nothing about what to buy and sell, about which risks are acceptable and … Read More
Seth Klarman: How To Calculate A Company’s Present-Value
In Seth Klarman’s book Margin of Safety he provides some great insights into how investors can calculate a company’s present-value saying: At times when interest rates are unusually low, however, investors are likely to find very high multiples being applied to share prices. Investors who pay these high multiples are … Read More
Seth Klarman: It’s Madness To Set Return Targets
In 2008 Seth Klarman did a great interview with the Harvard Business School to discuss his value investing philosophy, why he believes it continues to work and, why it’s madness to set return targets. Here’s an excerpt from the interview: Q. Did you ever waver in your investment style? A. … Read More
Seth Klarman: Q3 2019 – 3 New Buys, 3 Sold Out Positions
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Seth Klarman: A Country Full Of Well-Trained Investors Would Make The Same Kind Of Mistakes That Investors Have Been Making Forever
In 2004 Louis Lowenstein wrote a paper titled – Searching for Rational Investors in a Perfect Storm in which Lowenstein attempted to measure the performance of 10 value managers through the turbulent market period of 1999-2003. Here’s an excerpt from the abstract: I decided to see how a group of ten … Read More
Seth Klarman: Investors Remain The Consummate Yield Gluttons!
In his 2004 Baupost Shareholder Letter, Seth Klarman made his thoughts clear on the inability of most investors to sit on the sidelines and hold cash when markets are expensive, saying: “In short, investors remain the consummate yield gluttons, seeking high return without regard for the likelihood of actually achieving … Read More
Seth Klarman – Top 10 Holdings Q22019
This content is restricted to registered paid users who are logged in. Click here to register or log in.
Seth Klarman – Top 10 Holdings Q1 2019
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Seth Klarman: “Value Investing Is At Its Core The Marriage Of A Contrarian Streak And A Calculator.”
We’ve just been re-reading Michael Mauboussin’s book – The Success Equation. There’s a great passage in the book with discusses investor psychology, and some of the findings of Daniel Kahneman and Amos Tversky. There’s also an great explanation of one of Seth Klarman’s most famous investing quotes: “Value investing is … Read More
Seth Klarman Protege David Abrams – Top 10 Holdings Q1 2019
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Seth Klarman – Unsuccessful Investors Are Dominated By Emotion
One of the best books ever written on investing is Margin of Safety, by Seth Klarman. There’s one passage in particular in which Klarman discusses behaviors to avoid in order to achieve success in investing, saying: Unsuccessful investors are dominated by emotion. Rather than responding coolly and rationally to market … Read More
Seth Klarman: The Proper Wiring for a Long-Term Investor
In Seth Klarmans’ latest shareholder letter he writes successful investing is like being a successful relief pitcher, saying: Consider the plight of a relief pitcher. Historically undervalued, unappreciated, often used interchangeably with other relievers, and, until recently, low on the major league pay scale. Required to be ready throughout most … Read More
Seth Klarman: How To Increase The Likelihood Of Achieving Sustainable Gains With Limited Downside Risk Over The Long-Run
In his latest Baupost Sharholder Letter, Seth Klarman provides some great advice for investors on how to increase the likelihood of achieving sustainable gains with limited downside risk over the long-run saying: “We believe another key element in portfolio management is curtailing the duration (the weighted average life) of one’s … Read More
Seth Klarman: One Of Society’s Most Vexing Problems Is The Relentlessly Short-Term Orientation That Manifests Itself In Investing
We’ve just been reading Seth Klarman’s latest speech at the Harvard Business School. During the speech Klarman provides some great insights into the problems with a short-term orientation in investing. Here’s an excerpt from the speech: Consider corporate time horizons. It’s a choice to attempt to maximize corporate results over … Read More