money jungle

Seth Klarman Interview Video

Posted in seth-klarman, value investing by moneyjungle on January 4, 2009

Here’s a hour-long interview with legendary value investor Seth Klarman.

Since its founding in 1982, Klarman’s firm, the Boston-based Baupost Group, has grown from managing twenty-seven million dollars for three wealthy families to over six billion dollars for institutional clients. Today, the firm employs sixty people, including twenty investment analysts. Its focus on risk-averse value-oriented investment strategies have allowed the firm to earn an average 20% returns while holding a large amount of its portfolio in cash.

This interview, taped at a Harvard psychology lecture, focuses on Klarman’s leadership style, and the lessons he has learned in running an investment firm.