The world’s greatest investors: Seth Klarman

Never in a rush to spend his cash, legendary deep-value investor Seth Klarman believes in buying stocks with a healthy margin of safety.

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Deep-value investor Seth Klarman

Klarman was born in New York in 1957 and bought his first share at the age of ten. He graduated from Cornell with a degree in economics, then worked with the Mutual Shares Corporation before getting an MBA with Harvard Business School (where he is now a guest professor). He then founded the Baupost Group. His 1991 book Margin of Safety has acquired a cult following, with second-hand copies selling on Amazon for up to £3,000.

What was his strategy?

Did it work?

What was his biggest success?

What advice does he have for investors?

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Dr Matthew Partridge

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri