Seth Klarman: The Benefits Of Worrying – Tuesday Motivation

Seth Klarman is one of the world’s most respected value investors, and when he speaks, it always pays to listen. Unfortunately, Klarman is relatively media-shy, his interviews over the years have been few and far between. You have to dig to find all of his prior media coverage.

Also see

•  Klarman: Now’s Not The Time To Give Up On Value
• Baupost Details Risk Management, Hedging In Q4 Letter
• Baupost Sees Opportunity In Volatile Markets

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Nonetheless, the digging always pays off as Klarman’s advice is worth its weight in gold.

Seth Klarman: The Benefits Of Productive Worrying – yes worrying can be good for you!!

This month’s copy of Value Investor Insight magazine pulls some Klarman wisdom out of the archives. The wisdom is taken from the pages of the value fund manager’s 2004 letter to investors of his industry-leading hedge fund, Baupost. Titled “productive worrying,” Klarman talks about one of the key traits every successful investor has and how the average investor can better their investing process by looking to the long-term and worry about the things that matter not the issues they have no influence over.