Seth Klarman: Value Investing “Helps You Find Your Bearings When Reassuring Landmarks Are No Longer Visible”Rupert Hargreaves
For the 12 months ended October 31, 1997, Seth Klarman's Baupost hedge fund produced a return of 27%, despite holding 20% of its assets in cash during the period.
Over the same time frame, the S&P 500 returned 32%.
The late 1990s was one of the most volatile and tough periods in history to be a value investor.
If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat