Seth Klarman

Seth Klarman: Don’t Give Up On Value Ben Graham Is Still Relevant

"Even as value investors have struggled in recent years to navigate lofty valuations," Seth Klarman writes in his full-year 2017 letter to investors Baupost, "another significant challenge has emerged. In particular, the business environment is evolving in a way that makes fundamental analysis for many companies more uncertain than ever."

Seth Klarman's letter, a copy of which has been reviewed by ValueWalk, covers many topics but one of the . . .

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