The Baupost Group
also referred to as: baupost
24 statements across 4 episodes · 9 bullish · 1 bearish · 4 people on the record · first statement Jul 6, 2020 by Reuben Munger · said 65 times in 13 episodes since 2017 · across every show →
Mentions by year
brought up most by Ted Seides (36), Seth Klarman (16), Reuben Munger (5), Herb Wagner (2), Bill Orem (2), Michael Mauboussin (1), Michael Leffell (1), Jim Dunn (1)
tap a year for its mentions
2026 2 mentions in 1 episode
2025 13 mentions in 1 episode
2024 4 mentions in 4 episodes 1 per episode
- Kristof Gleich – Boutique Managers and Active ETFs at Harbor Capital (EP.411)
- Stephen Nesbitt – Innovation in Private Markets for RIAs (EP.410)
- Michael Leffell – Opening Doors to Niche Private Opportunities at 10 East (EP.373)
- Ana Marshall – The Climb to Investment Excellence (EP.360)
- every mention in 2024, scene by scene →
2023 34 mentions in 2 episodes 17 per episode
2020 7 mentions in 1 episode
2019 3 mentions in 2 episodes 2 per episode
2018 1 mention in 1 episode
2017 1 mention in 1 episode
Everything said about The Baupost Group, oldest first
Jul 6, 2020 neutral
Translating physical annual reports gave investors a distinct European edge in 1990s
“That was a period where we started by calling European companies up and asking them to mail us the annual report and translating it to English. And so sort of there was a window of advantage that's very, very different than there is now.”
Jul 17, 2023 positive
Jul 17, 2023
Klarman: Investing in Foreign Markets Without Local Presence Creates Serious Disadvantage
“We're humble enough and cautious enough to know that if you don't live in a country, if you don't have people that are active in that country, you're at a real disadvantage, and so I have no idea what the premium should be for buying Equities in Africa, equiti…”
Jul 17, 2023 positive
Klarman: Baupost Holds Partner-Free Weekly Lunches for Analysts to Test Ideas
“We have our analysts meet once a week at lunch. Anybody who's around and wants to meet, the partners don't attend that. So it's a free space for analysts to be running things by each other and not feel like partners gonna hear them or they might judge them for…”
Jul 17, 2023
Jul 17, 2023 bearish
Jul 17, 2023
Jul 17, 2023 positive
Klarman: Baupost Invested in Chinese Equities for First Time in Decades
“We talked to our clients not that long ago about a few Chinese stocks we were finding. We had never owned anything in China for decades. It was in favor. Everybody was lining up to go there. I knew that they have a pretty authoritarian system of governance and…”
Jul 17, 2023 neutral
Jul 17, 2023 neutral
Jul 17, 2023 positive
Jul 17, 2023 positive
Jul 17, 2023
Klarman: Baupost made its biggest profits averaging down on catalyzed ideas
“We have made our big dollar profits over the years, usually on ideas that have gone against us at first, and we average down, and when they are catalyzed, Which means some event is going to happen that will cause us to make money.”
Jul 17, 2023
Klarman: Cross-Asset Investing Requires a Single Portfolio Manager with Final Say
“The final say, a portfolio manager still needs to sit on top of the structure, and it's because we slosh money into and out of areas. So we might have loaded up on corporate credit over the last six months, but if tomorrow there's something better to do in a p…”
Jul 17, 2023
Jul 17, 2023 positive
Jul 17, 2023 positive
Klarman: Value investing frameworks apply across all asset classes, not just equities
“So I think it gave me a good analytical grasp rather than being pigeonholed into one single asset class to understand that investors can look broadly across the landscape. And if you can figure out a stock, for example, why can't you figure out the value of th…”
Jul 17, 2023
Klarman: Baupost told brokers to bring illiquid stakes, not mainstream stocks
“We'd say, look, you don't need to come by, but if you guys ever see on your desk a bond that you've never heard of, or a stock you've never heard of, or a shareholder in a business that wants to move it quickly, we're your call. So don't call us with IBM Insig…”
Jul 17, 2023 positive
Klarman: Investors must view the market as an erratic counterparty, not validator
“If you look to the market for feedback, the market might regularly say, you're an idiot, you bought it, now it's down, you don't know what you're doing, but the reality is that you've got to see that a little bit differently. You've got to see that as the mark…”
Jul 17, 2023
Klarman: Baupost avoids industry analysts, sourcing opportunistically across market inefficiencies
“We don't have industry analysts per se. We don't focus on a certain equity list of let's know these 200 stocks or let's look at certain kinds of industries because we like their growth prospects. We're set up in a much more opportunistic way Where are ineffici…”
Jul 17, 2023
Mar 11, 2024 positive
Sep 22, 2025
Sep 22, 2025 neutral
Wagner: Appaloosa runs higher concentration and volatility than Baupost
“Appaloosa has more volatility than what Baupost does. So Baupost has a very robust hedging program, just a much different culture of the organization, more diversified in terms of what they owned. And so Dave tended to be a lot more concentrated, a lot more ag…”