Seth Klarman: Leave Room To Average Down

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Rupert Hargreaves
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Seth Klarman is considered to be one of the best value investors of all time. However, he’s not a value investor in the traditional Benjamin Graham sense. His approach is based on Graham’s idea of having a margin of safety when buying investments - buying at a discount to intrinsic value - but he’s not confined to public market investments.

Klarman’s Boston-based hedge fund, Baupost, is an unconstrained hedge fund. It can invest wherever and in whatever it sees fit. That makes it all the more important the firm and its portfolio managers maintain a disciplined approach to investing...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk