Klarman: Technological secular change makes modern value investing harder than Graham's era
Seth Klarman · Seth Klarman – Timeless Value Investing (EP.328) · Jul 17, 2023 · at 37:55
Seth Klarman, value investor and head of The Baupost Group, explains why modern investors cannot simply rely on traditional static balance-sheet metrics.
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“An investor has to be thinking about not just cyclical change, like Graham and Dodd were worried about in the Depression, but secular change as well, and the combination of that, I think, has made investing harder and value investing harder”
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