Value Investing Origins
Seth shares the origins of Baupost, highlighting the importance of aligning interests between money managers and their clients. He reflects on the prevalent groupthink in the investment community during the early '80s, where many managers favored the same popular stocks without investing their own money. This experience shaped Baupost’s foundational principle of "eating home cooking," ensuring that employees and their families remain the largest collective clients.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Seth Klarman – Timeless Value Investing (EP.328)
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