Seth Klarman is one of the most successful and influential value investors of all time, and his hedge fund, the Boston-based Baupost, reportedly has some of the best returns in the industry.
The value investor’s approach to the markets and investing differs significantly from most other investors. Klarman focuses on buying assets trading at a discount to intrinsic value, and when I say assets, I mean all types of investments, not just equities.
Q2 2023 hedge fund letters, conferences and more
Unconstrained Investment Mandate
One...