Seth Andrew Klarman is an American billionaire investor and hedge fund manager. He is known as a value investor, and is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.
He closely follows the investment philosophy of Benjamin Graham and is known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting from any rise in price. Since his fund’s $27 million-dollar inception to 2008 he has realized a 20 percent compound return-on-investment and as of 2016 manages $31 billion in assets.
In February 2018, Forbes Magazine listed his personal fortune at US$1.50 billion. In 2015, Klarman was listed as the 15th highest earning hedge fund manager in the world. In 2008, he was inducted into Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame. He has drawn numerous comparisons to fellow value investor Warren Buffett, and akin to Buffett’s notation as the “Oracle of Omaha,” he is known as the “Oracle of Boston.”
- Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor
- Security Analysis
- The Intelligent Investor
- You Can Be A Stock Market Genius
- The Aggressive Conservative Investor
- The Forgotten Depression: 1921: The Crash That Cured Itself
- Mr. Market Miscalculates: The Bubble Years and Beyond
- The Trouble With Prosperity: A Contrarian’s Tale of Boom, Bust, and Speculation
- Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken
- John Adams: Party of One
- Minding Mr. Market: Ten Years on Wall Street With Grant’s Interest Rate Observer
- Bernard M. Baruch: The Adventures of a Wall Street Legend
- Mr. Speaker!: The Life and Times of Thomas B. Reed The Man Who Broke the Filibuster
- When Genius Failed: The Rise and Fall of Long-Term Capital Management
- Buffett: The Making of an American Capitalist
- America’s Bank: The Epic Struggle to Create the Federal Reserve
- The End of Wall Street
- Origins of the Crash: The Great Bubble and Its Undoing
- While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis
- Moneyball: The Art of Winning an Unfair Game
- The Fifth Risk
- Liar’s Poker
- The Money Culture
- The Undoing Project: A Friendship That Changed Our Minds
- The Big Short: Inside the Doomsday Machine
- Flash Boys: A Wall Street Revolt
- Boomerang: Travels in the New Third World
- The Blind Side: Evolution of a Game
- Panic: The Story of Modern Financial Insanity
- Losers
- The Real Price of Everything: Rediscovering the Six Classics of Economics
- Too Big to Fail: Inside the Battle to Save Wall Street
Read previous articles of #Investingwisdomseries:
Investing Wisdom series 1: Sir John Templeton’s rules of investing [2 mins]
Investing Wisdom series 2: Distressed checklist – Howard Marks (Oaktree Capital) [2mins]
For any feedback, do write at anuj@investingbites.com
Investing Bites 