Seth Klarman Joins Others In Redefining Value Investing: This Is How Baupost Does It

Seth Klarman’s Baupost is one of the largest hedge funds in the world, and it utilizes a long-only, value-focused investment process. However, some well-known names have suggested that value investing is dead, so where does that leave Baupost and other highly reputable value investors? Klarman had some insight in his year-end letter for 2021. Q4 2021 hedge fund letters, conferences and more Value Investing When The Markets Are Skyrocketing Klarman noted that the ongoing bull market had been marked by “swollen valuations,” leading some to believe that Baupost would have a difficult time finding investments that meet its criteria. However,…