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Seth Klarman

Seth Klarman

Formal First Name
Seth
Nick Name
Oracle of Boston
Link
Twitter
Dates
1957 - present
Location
Massachusetts

Seth Klarman is a value investing legend and the Co-Founder and CEO of the Baupost Group, one of the largest hedge funds with approximately $29 billion of assets under management. He has overseen the Baupost Group’s investments since its inception in 1982. Klarman is a billionaire investor, hedge fund manager, author, and proponent of value investing. He has gained recognition for his distinctive value investing methodology and unconventional strategies. He is the author of Margin of Safety, a book that outlines his value investment philosophy, and the editor and contributor to the Benjamin Graham and David Dodd classic, Security Analysis. He also regularly teaches in investment classes at leading colleges and business schools and speaks at various industry gatherings.

Professional Experience

Academic History

CURRENT APPOINTMENTS


BAUPOST GROUP

  • Baupost Group uses a value discipline with an event-driven bias to find global opportunities in such diverse areas.

  • The firm manages roughly $29 billion with a broad and flexible charter, investing in a wide range of asset classes, including significant holdings in publicly traded debt and equity securities, private debt, real estate, and private equity. 

  • Klarman has overseen the firm’s investments since inception and now works alongside the firm’s President Jim Mooney and an extensive team of skilled and experienced investment partners and analysts to thoughtfully steward our clients’ capital.   


RECOGNITION


INVESTMENT PHILOSOPHY

  • Klarman is a very conservative investor, and often holds a significant amount of cash in his investment portfolios, sometimes in excess of 50% of the total.

  • He often makes unusual investments—he buys unpopular assets while they are undervalued, seeking a margin of safety and profiting from any rise in price. 

  • He also uses complex derivatives and buys put options. Klarman has been regularly featured in a variety of investment industry publications.


CAREER HIGHLIGHTS

  • His 2013 total earnings of $350 million rank him the 20th among the 25 top-earning hedge fund managers.

  • He has been an avid supporter of the teachings of Benjamin Graham.

  • He stresses the utility in the economy's business cycles and their predestined and perpetual self-corrective tendency.

  • He is the 15th highest-earning hedge fund manager in the world.

  • Once a major donor to the Republican Party, Klarman publicly denounced Trump in 2016, and has been contributing to the Democratic Party.


MEDIA & APPEARANCES

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

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