
Benjamin Graham

“Smart investors look to the market not as a guide for what to do but as a creator of opportunity.”
–Benjamin Graham


Benjamin Graham

“Smart investors look to the market not as a guide for what to do but as a creator of opportunity.”
–Benjamin Graham

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Well, why not?
True: Not many value investors are coming out of the closet about technical analysis. Yet technical trading and value investing is not as controversial a union as you might think.
E. M. M.

E. M. Murray. Managed Equities. Fixed Downside Risk.

Seth Klarman, Baupost Group
The Benjamin Graham Centre for Value Investing
Seth A. Klarman, MBA, The Baupost Group
March 17, 2009 – Videoconference
Seth Klarman at the Benjamin Graham Center for Value Investing
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.
Note: The quality of this video is, well, abysmal. Nevertheless, it is one of the most profound I’ve come across in the last 10 years. This video is provided for your information and enjoyment. Although I admire Klarman’s investment philosophy greatly, I would not categorize myself as a Value Investor per se.
E. M. M.

E. M. Murray. Managed Equities. Fixed Downside Risk.