Mutual Shares

3 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Jul 17, 2023 by Seth Klarman · said 10 times in 1 episodes since 2023 · across every show →

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brought up most by Seth Klarman (10)

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2023 10 mentions in 1 episode

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Everything said about Mutual Shares, oldest first

Jul 17, 2023 bearish
Insight
Klarman: Academic Efficient Market Theories Break Down in Real-World Trading
“The academic idea was logical that there are transaction costs, and there are a lot of competitors, and even when there aren't that many, even one competitor can reprice a mispricing. But had they chosen instead to sit down at the trading desk of mutual shares…”
Seth Klarman Jul 17, 2023 ▶ 16:28 Seth Klarman – Timeless Value Investing (EP.328)
Jul 17, 2023 positive
Insight
Klarman: Structural complexity in corporate transactions creates mispriced arbitrage opportunities
“There are arbitrage opportunities, that the complexity leads sometimes to opportunity, that you need to really soak yourself in the details that opportunity may not immediately be apparent.”
Seth Klarman Jul 17, 2023 ▶ 13:50 Seth Klarman – Timeless Value Investing (EP.328)
Jul 17, 2023 positive
Insight
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…”
Seth Klarman Jul 17, 2023 ▶ 22:53 Seth Klarman – Timeless Value Investing (EP.328)
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