Seth Klarman’s Value Advice
Seth Klarman is one of the best value investors of all time. He founded his Boston based hedge fund Baupost in 1983 and since inception, the fund has produced returns of around 20% per annum for investors despite the fact that its cash weighting frequently exceeds 30%. See also: Warren Buffett Describes How To Pick Stocks Klarman’s book on value investing, Margin of Saftey has been out of print for many years, but demand from investors seeking to learn from his…