[From The Archives] Seth Klarman On Value Investing, Leverage, Trading Strategies And The Herd Mentality Pt. 1Rupert Hargreaves
Seth Klarman is, undoubtedly, one best value investors working today. His hedge fund, the Baupost Group, has returned an average of 19% per annum since inception and currently looks after around $30bn for clients.
When Seth Klarman speaks, it pays to listen. To that end, I recently stumbled across a speech Klarman gave at the end of October 2007.
When Klarman made his speech on October 20 2007, the market had just peaked. After hitting a high of just . . .
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