This is part three of a multi-part series on Seth Klarman, value investor and manager of Boston-based Baupost Group. Part one can be found here and part two can be found here. To ensure you do not miss the rest of the series sign up for our free newsletter.
In part two of this series I covered Seth Klarman's investing strategy during the late 90s. As the market was swept up in dot-com mania, Klarman kept a cool head and stuck to his strategy. Unfortunately, using this strategy, Baupost significantly underperformed the wider market from 1997 to 1999.
Nevertheless, with an overriding confidence in his...
