Seth Klarman: Why Value Investors Are Different

“The most dramatic and valuable lesson from the fabulous (and still counting) 50-plus-year investment career of Warren Buffett is the legendary account of his steadfast conviction amidst the 1973–75 bear market,” Seth Klarman opined in the opening paragraph of an article published in the February 15, 1999 issue of financial magazine Barron’s. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Titled ‘Why Value Investors Are Different,’ Klarman’s article is a homage to Warren Buffett and his investing style, but it also contains several valuable lessons…