To be a successful long-term investor, Seth Klarman writes in his 2018 letter to investors of Baupost, one must think like a relief pitcher.
Investors need to have the proper wiring to succeed, to be able to think about the market from an objective perspective, and not be influenced by day-to-day fluctuations.
Also see more 2018 Baupost coverage
- Seth Klarman 2018 Letter: Balancing Risk Aversion With Risk-Taking
- When Forever Ends: Baupost’s Klarman Reflects On 2018
- Baupost’s Klarman Outlines 2018’s “Global Disappointment” Amid The Change From Cheer to Fear
- Q4 hedge fund letters, conference, scoops etc
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