Seth Klarman

It was Sir Isaac Newton who famously said, “If I have seen further than certain other men, it is by standing upon the shoulders of giants.” Those who came before us in life have left a huge treasure trove of knowledge, but it seems few ever take the time to study what those great...

Benjamin Graham has served as the inspiration and intellectual mentor for generations of value investors. Many successful careers have been launched by a reading of the Intelligent Investor. Many others have perfected the art and science of investing by studying the classic editions of Security...

As previously noted, there are a growing number of very smart investors and strategists who have made negative comments about the stock market in recent months. James Montier, Seth Klarman, Carl Icahn and a host of other very smart investors have pointed out that the market is on the high side...

One of the hardest things to do as an investor is ignore the great white cloud of noise that surrounds the market every day. In today's world of television, Twitter (NYSE: TWTR), Facebook (NASDAQ: FB) and all the other instant media sources, everyone has an opinion about everything. It's very...

There was an interesting article in the Wall Street Journal this week about the intense competition among banks to manage the assets of the wealthier clients. Many of them are now offering what they call ‘lifestyle advisory services,' which include everything from planning a vacation to finding the...

Pope Brar is a money manager based on the West Coast who has spent a considerable amount of time analyzing the success (as well as the failure) of some of the greatest investors. Brar has carefully examined the records of such legendary investors as Warren Buffett, Seth Klarman and others to...

You can add David Einhorn's voice to those concerned about the current market conditions. Speaking at the Robin Hood Foundation gathering this week, he responded to a question about the market saying “It's really hard to say. There are certain aspects of the market and certain stocks that are...

In The Intelligent Investor, Ben Graham defines the central concept of investing as Margin of Safety. It is far more important to consider the question of 'what can I lose' than worrying about how much you can make when buying stocks. That is, of course, the direct and exact opposite of how most...

One of the most important investing maxims ever uttered came from Sir John Templeton when he told investors to buy at the point of maximum pessimism. He later followed that up by saying that investors should not ask what nation, sector or company had the best outlook but which one had the worst....

Over the years I have helped a few younger investors find their way to the deep value approach to investing. Inevitably one question that will arise along the way is “Why doesn’t everyone use this method? It has been proven over time and been the basis of some of Wall Street’s biggest success...

Barron's released yet another self-fulfilling prophecy on Saturday. This time, the beneficiary was Genworth Financial (NYSE: GNW). Barron's noted the roller-coaster ride the insurance company's stock has experienced in recent years. It blames Genworth's lack of stability on the “boom and bust in...

Hedge funds are piling into shares of American International Group (NYSE: AIG). The company's latest investor is the Baupost Group's Seth Klarman. The fund released its 13-F report for the fourth-quarter of 2012 on Wednesday after the market close. As of December 31, 2012 the hedge fund had...

Shares of Hewlett-Packard (NYSE: HPQ) traded sharply lower on Tuesday, down over 11 percent, after the company disclosed that there had been accounting irregularities at Autonomy prior to Hewlett-Packard acquiring the company. Hewlett-Packard acquired Autonomy in October of 2011 for about $10.2...

The Baupost Group is one of the largest hedge funds in the world and boasts a terrific stock picking track record. The fund's founder and president is Seth Klarman, one of the most respected value investors in the world. In fact, Klarman has even been called "the Warren Buffett of his generation...