[From The Archives] Seth Klarman On Value Investing, Leverage, Trading Strategies And The Herd Mentality Pt. 2

Continued from part one… Seth Klarman on trading strategies After warning about the risks of leverage, (part one) Seth Klarman talks at length about the dire state of the securitization industry and property markets at the time of the interview (2007). Additionally, Klarman talks at length about levels of consumer debt and leverage on Wall Street. After, Seth Klarman moves on to discuss trading strategy: “Many investors lack a strategy that equips them to deal with a rise in volatility and declining markets. Momentum investors become lost when the momentum wanes. Growth investors – who pay a premium for the…