The billionaire hedge fund manager has been a religious follower of Benjamin Graham's investing style, buying out-of-favor and undervalued assets.
Baupost Group's Seth Klarman, nicknamed "the Oracle of Boston," is revered in value investing circles for his disciplined investment philosophy, maybe because his style has stood the test of time. The billionaire hedge fund manager has been an almost religious follower of Benjamin Graham's investing style, buying out-of-favor and undervalued assets to ensure a margin of safety.
A long out-of-print cult favorite, a used copy of "Margin of Safety" now fetches almost $4,000 on Amazon . Klarman recently helped update the investment bible "Security Analysis" by Benjamin Graham and David Dodd, written in 1934 in the depths of the Great Depression. The investor, who now manages $30 billion at Baupost, last month warned of an "everything bubble" in a rare CNBC interview.
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