Seth Klarman Interview: Why AI Will Never Displace Value Investing And Why He Likes eBay

Seth Klarman, CEO and portfolio manager of Baupost Group, a Boston-based investment partnership managing about $25 billion over four decades, offers a deep perspective value investing in an interview posted by Active Investor Magazine. Klarman states that “investing is knowing how to value a business research and timing psychological Endeavor”, emphasizing that “investing without knowing what you’re looking for is like running through a dynamite factory with a burning match”. Klarman believes there’s “no formula” for success, but rather a dangerous “jungle” to navigate where being a “self-starter” and working “really hard” can make a difference.