Seth Klarman’s Advice For Value Investors In Tough Times

“The most dramatic and valuable lesson,” Seth Klarman began in an opinion piece for the investment magazine Barron’s in February 1999, “from the fabulous (and still counting) 50-year plus investment career of Warren Buffett is the legendary account of his steadfast conviction amid the 1973 to 1975 bear market.” Q4 2019 hedge fund letters, conferences and more If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Klarman’s article, titled “Why Value Investors Are Different,” reviews Buffett’s actions in the 1973 to 1975 bear market, notably his investment in the Washington…