Just got hold of a wonderful Seth Klarman Video, dated 17th March, 2009 here.
More on Video:
The University of Western Ontario Ivey School of Business posted a videoconference with Seth Klarman. Klarman is the founder of The Baupost Group and a very successful value investor. The video which lasts just over an hour, was taped in March. Thanks go to the Ivey School for sharing such a valuable resource!
More on Klarman:
Mr. Klarman is President of The Baupost Group, L.L.C. Founded in 1982, Baupost discretionarily manages $15 billion for a number of institutional and wealthy individual investors. Baupost uses a value discipline with an event-driven bias to find global opportunities in such diverse areas as publicly-traded and private equities, bankrupt and financially-distressed debt, and real estate. Seth has managed Baupost’s investments from inception. Baupost’s largest partnership vehicle has achieved net annual return to investors of just over 20% and has experienced only one money-losing year since it was formed in 1983. Seth is a 1982 MBA graduate of Harvard Business School, where he was a Baker Scholar. He received his Bachelor of Arts, magna cum laude, in Economics from Cornell University in 1979. In 1991, he wrote a now out of print book entitled ”Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor”, which sells for $1,200 on Amazon and $2,000 on eBay and has been stolen from most libraries. Seth is also a world-class worrier. In one letter, Mr. Klarman said, ”At Baupost, we are big fans of fear, and in investing, it is clearly better to be scared than sorry.” In an earlier note, he wrote, ”Rather than ratchet up risk, our approach has been to hold cash in the absence of opportunity.” Seth serves on several not-for-profit boards and lives in Chestnut Hill, Massachusetts with his wife and three children.
Compilation on Klarman:
I have created a resource on Klarman here.