Investing Wisdom series 3: Books suggested by Seth Klarman [5mins]

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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.”

  1. Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor
  2. Security Analysis
  3. The Intelligent Investor
  4. You Can Be A Stock Market Genius
  5. The Aggressive Conservative Investor
  6. The Forgotten Depression: 1921: The Crash That Cured Itself
  7. Mr. Market Miscalculates: The Bubble Years and Beyond
  8. The Trouble With Prosperity: A Contrarian’s Tale of Boom, Bust, and Speculation
  9. Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken
  10. John Adams: Party of One
  11. Minding Mr. Market: Ten Years on Wall Street With Grant’s Interest Rate Observer
  12. Bernard M. Baruch: The Adventures of a Wall Street Legend
  13. Mr. Speaker!: The Life and Times of Thomas B. Reed The Man Who Broke the Filibuster
  14. When Genius Failed: The Rise and Fall of Long-Term Capital Management
  15. Buffett: The Making of an American Capitalist
  16. America’s Bank: The Epic Struggle to Create the Federal Reserve
  17. The End of Wall Street
  18. Origins of the Crash: The Great Bubble and Its Undoing
  19. While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis
  20. Moneyball: The Art of Winning an Unfair Game
  21. The Fifth Risk
  22. Liar’s Poker
  23. The Money Culture
  24. The Undoing Project: A Friendship That Changed Our Minds
  25. The Big Short: Inside the Doomsday Machine
  26. Flash Boys: A Wall Street Revolt
  27. Boomerang: Travels in the New Third World
  28. The Blind Side: Evolution of a Game
  29. Panic: The Story of Modern Financial Insanity
  30. Losers
  31. The Real Price of Everything: Rediscovering the Six Classics of Economics
  32. 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


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