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Seth Klarman On Finding Pockets Of Opportunities In Today’s Increasingly Efficient Markets [Exclusive]

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Jacob Wolinsky
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Auscap Asset Management TGV
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As a part of his fireside chat at the Harvard Investment Conference held on April 15, 2024, Klarman shared his view of the current state of the market, and where he sees pockets of investing opportunities, according to notes obtained by Hedge Fund Alpha.

Also see: Klarman Likes Distressed Real Estate at Bargain Prices Amid Post-COVID Slump [Exclusive]

According to Klarman, the market is far more efficient than it was 40 years ago. More retail, individual, and institutional investors are in play, and overall there is more capital to work with.

A big difference in today’s market is the availability of information. Everything is much easier to get to, and that leads to faster reactions in the market.

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available.FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid