Klarman’s Indexing Jabs Miss

For many market observers and participants, billionaire Seth Klarman resides in the same “ZIP code” that Warren Buffett once called the home of superstar investors: “Graham and Doddsville.”

Klarman is the well-regarded founder and CEO of the Baupost Group, a Boston-based private investment partnership with nearly $30 billion in assets under management. He has also authored a book on value investing, “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.”

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