Klarman: You can learn more from a losing trade then you can a winning one

Seth Klarman is one of the world’s most successful value investors. His Baupost hedge fund has achieved outstanding returns for investors over the years and currently manages just under $20 billion in client money. However, despite his success over the years, Klarman is relatively media-shy and barring the publication of his book, Margin of Safety: Risk-averse Value Investing Strategies for the Thoughtful Investor in 1991, insights into his investment process are few and far between. Baupost: Making Use Of Market Inefficiencies To Find Bargains In Distressed Debt [klarman] This means that any commentary from Klarman is highly valued and his…