As we sit in year-7 of a historic bull market, with earnings likely to decline for the 3rd consecutive quarter, the lack of a margin of safety in most stocks, bonds, and real estate is becoming painfully obvious. The Federal Reserve’s record-low interest rate policies have driven all asset classes higher, to levels where the...Read More

One of the best investment books that I’ve ever read was Seth Klarman’s Margin of Safety.  His investment prowess is exceptional as is his ability to articulate his ideas.  I do find his investments to be rather difficult to follow as many are quite obscure.  I believe that he does quite a bit with options,...Read More

One of my investing idols Seth Klarman of the Baupost Group was profiled in The Economist.  Klarman’s book “Margin of Safety” is mandatory reading for any serious value investor.  On a risk adjusted returns basis I believe it would be very hard to find a better investor than Seth Klarman over a multi-decade time frame....Read More

I thought you might enjoy this insight into the investment practices of Seth Klarman.  Klarman is a low key value investor with an amazing track record, and is one of three men that Warren Buffett mentioned he would recommend as a money manager to people.  His investments are unorthodox in many cases and his book...Read More