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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