WWII 023: Seth Klarman the Extraordinary Value Investor, Baupost Group 13F, Real Estate Flips and Partnerships, Rich People Worldview

On this episode, I shine the light on one of my favorite value investors, Seth Klarman founder of Baupost Group.

Main Topic

Seth Klarman is one of a group of hard-core value investors and the founder of a hedge fund called Baupost Group with about $25 Billion under management.

Seth got his start at the Mutual Fund working for Michael Price and Max Heines. In 1982, Seth was approached by a Harvard professor about opening a family office and Baupost was created with a starting capital base of $27 million.

Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.

Seth Klarman
Baupost Group

Ask JB:

How exactly do stock broker makes profit? (self.investing_discussion)

submitted by vladtitov151

Do they make money from the loses of the investors?

co-owning a property with another investor (self.investing_discussion)

submitted by dagoozer

I just though of an idea of buying a property with another investor and splitting the profit. Is this a good idea?. I want to buy a home, but this would give me a big head start. I don't know where you would find someone to do it with though.

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About the Author

Jeremy Scott Bailey is an investor, author, entrepreneur and host of the “What Works In Investing?” podcast now available on iTunes. He is founder and Chief Investment Officer of Burgeón Group, Inc. an investment advisory firm that provides portfolio management services to families and individuals.

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