Seth Klarman
28 statements across 2 episodes · 9 bullish · 7 bearish · 2 people on the record · first statement Nov 1, 2021 by Savneet Singh · said 60 times in 25 episodes since 2017 · across every show →
On the record as a speaker too: Seth Klarman's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Ted Seides (13), Ryan Batchelor (10), Herb Wagner (10), Paul Sonkin (3), Kip McDaniel (3), David Salem (3), Reuben Munger (2), Michael Mauboussin (2)
tap a year for its mentions
2026 2 mentions in 1 episode
2025 13 mentions in 3 episodes 4 per episode
2024 8 mentions in 5 episodes 2 per episode
- David Salem - Investment Wisdom from the Owner's Box (EP.409)
- Ana Marshall – The Climb to Investment Excellence (EP.360)
- Scott Bessent - Macro Maven (EP.415)
- Kristof Gleich – Boutique Managers and Active ETFs at Harbor Capital (EP.411)
- Stephen Nesbitt – Innovation in Private Markets for RIAs (EP.410)
- every mention in 2024, scene by scene →
2023 1 mention in 1 episode
2022 1 mention in 1 episode
2021 13 mentions in 3 episodes 4 per episode
2020 2 mentions in 1 episode
2019 6 mentions in 4 episodes 2 per episode
- Michael Mauboussin – Who's on the Other Side (Capital Allocators, EP.99)
- Khe Hy – Radical Shift from Investing to Purpose (Capital Allocators, EP.101)
- Ted Seides – Interviewing and Manager Meetings (Capital Allocators, EP.94)
- Rahul Moodgal - Master Fund Raiser (Capital Allocators, EP.87)
- every mention in 2019, scene by scene →
2018 5 mentions in 3 episodes 2 per episode
Everything said about Seth Klarman, oldest first
Nov 1, 2021 positive
Singh: Seth Klarman and Dwight Anderson responded to his undergraduate cold outreach
“I started writing all of the investors that had gone to Cornell, Seth Klarman and Dwight Anderson, all these guys, and probably none of them remember me messaging them. And they all responded because this is before I think they had become the superstars that t…”
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
Klarman: Passed on Boston Celtics stake before buying into the Red Sox
“Somebody had approached me to buy into the Celtics when that franchise changed hands something like 20 years ago. And I thought about it, I thought hard, but I passed because I felt like my true love was baseball. And I said to the sports agent who was marketi…”
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 neutral
Klarman: Value investing is an intellectual inoculation investors instantly grasp or reject
“Buffett also in that article makes the observation that value investing is something not everybody is comfortable with. But that it's like an inoculation. When you get introduced to the approach, either it makes sense and you get it or you don't.”
Jul 17, 2023 bearish
Jul 17, 2023 bearish
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…”
Jul 17, 2023 negative
Klarman: Illiquidity itself does not generate excess investment returns
“There's been, I think, a great misunderstanding in recent years Among some people who run money, that illiquidity itself delivers degree of return. That if you take the illiquidity, you automatically get the return. I don't think anything could be weirder than…”
Jul 17, 2023
Jul 17, 2023 negative
Klarman: AI and Automated Trading Will Not Make Markets Fully Efficient
“And I actually am pretty optimistic that they will remain Even if computers were replacing people as money managers, and we're doing all the trading, and that's because the nature of what causes the inefficiency, it's human, but I think the computers will mimi…”
Jul 17, 2023 negative
Klarman: American democracy is threatened by voter purges and gerrymandering
“Beyond the Massachusetts community, probably the single biggest area right now is democracy funding, because you know about how threatened American democracy is in terms of what happened in 2020, but also in terms of kicking people off the voter rolls and gerr…”
Jul 17, 2023
Jul 17, 2023 negative
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 positive
Jul 17, 2023 neutral
Jul 17, 2023
Jul 17, 2023 positive
Jul 17, 2023 negative
Jul 17, 2023 bullish
Klarman: The 15-year rotation from value to growth was a big overshoot
“Money has tended to flow into growth and out of value, some of which, by the way, justifiably, because disruption and a lot of businesses have had their long-term prospects damaged, but nevertheless, I think, in many ways, a big overshoot as people have become…”
Jul 17, 2023
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 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