Seth Klarman: Investors Always Need A Strategy To Guide Them

“Many investors lack a strategy that equips them to deal with a rise in volatility and declining markets,” Seth Klarman told his audience in a speech at MIT in 2012. Q3 2020 hedge fund letters, conferences and more Klarman was talking about the benefits of having a strategy, such as value investing, to provide a guide in uncertain times. The benefits of value investing The stock market is a highly uncertain environment. It is almost impossible to tell what the future holds for stock prices. In the short-term, the market is highly unpredictable, and to some extent, it is in…