Seth Klarman and Howard Marks on Distressed Investing

Howard Marks and Seth Klarman are two giants of the value investing world, and when they speak, it always pays to listen, especially when they’re discussing how to invest in distressed securities — something they both specialize in. Students of the Columbia Business School were lucky enough to be able to hear these two value legends speak at the Graham + Dodd luncheon symposium in October 2008, an incredibly turbulent time for the rest of the financial world. Following in the footsteps of Warren Buffett with Hidden Value Stocks Klarman 2017 letter on Bitcoin  the danger of Chinese leverage Discipline…