Guest Posted March 10, 2014 Share Posted March 10, 2014 Hey indy, I sent you a PM the other day. Did you receive it? Link to comment Share on other sites More sharing options...
Shawn Posted March 10, 2014 Share Posted March 10, 2014 This is the largest excerpt I've seen yet: http://www.gurufocus.com/news/250403/seth-klarman-2013-letter-to-investors-the-truman-show That was a good read, very fascinating. I think he's right and I think he's on to something. Should it come to life, it may present some great buying opportunities. I swear Prem said the same thing at last year's shareholder meeting with regards to global markets and there not being enough productivity to supplement growth. Link to comment Share on other sites More sharing options...
indythinker85 Posted May 20, 2014 Author Share Posted May 20, 2014 Klarman buying up Greek banks http://www.valuewalk.com/2014/05/baupost-letters-2014/ Link to comment Share on other sites More sharing options...
muscleman Posted May 20, 2014 Share Posted May 20, 2014 Klarman buying up Greek banks http://www.valuewalk.com/2014/05/baupost-letters-2014/ These Greek banks have been a mystery to me. What is so good to buy at 60% of common tangible book for a bank that has 30% NPA? I have BPOP and I am much more comfortable with it than these Greek banks. Why is Prem and Klarman buying? ::) Link to comment Share on other sites More sharing options...
KCLarkin Posted June 9, 2014 Share Posted June 9, 2014 Looks like he should have put his excess cash into IDIX. Lordy. http://www.cnbc.com/id/101728450 Link to comment Share on other sites More sharing options...
rukawa Posted June 10, 2014 Share Posted June 10, 2014 That was a good read, very fascinating. I think he's right and I think he's on to something. Should it come to life, it may present some great buying opportunities. I swear Prem said the same thing at last year's shareholder meeting with regards to global markets and there not being enough productivity to supplement growth. Except that Klarman and Prem believe in precisely opposite things. Klarman is betting on hyper-inflation and Prem is betting on deflation. My personal view is that neither is right now likely. My only worry is Janet Yellen. I think she is an idiot. A really stupid idiot. And it scares me that she is running the Fed. Luckily there are other Fed governors. But she really scares me. Link to comment Share on other sites More sharing options...
muscleman Posted June 10, 2014 Share Posted June 10, 2014 That was a good read, very fascinating. I think he's right and I think he's on to something. Should it come to life, it may present some great buying opportunities. I swear Prem said the same thing at last year's shareholder meeting with regards to global markets and there not being enough productivity to supplement growth. Except that Klarman and Prem believe in precisely opposite things. Klarman is betting on hyper-inflation and Prem is betting on deflation. My personal view is that neither is right now likely. My only worry is Janet Yellen. I think she is an idiot. A really stupid idiot. And it scares me that she is running the Fed. Luckily there are other Fed governors. But she really scares me. What made you think she is bad? Link to comment Share on other sites More sharing options...
sys Posted June 10, 2014 Share Posted June 10, 2014 My only worry is Janet Yellen. I think she is an idiot. that seems pretty unlikely. Link to comment Share on other sites More sharing options...
jay21 Posted June 10, 2014 Share Posted June 10, 2014 That was a good read, very fascinating. I think he's right and I think he's on to something. Should it come to life, it may present some great buying opportunities. I swear Prem said the same thing at last year's shareholder meeting with regards to global markets and there not being enough productivity to supplement growth. Except that Klarman and Prem believe in precisely opposite things. Klarman is betting on hyper-inflation and Prem is betting on deflation. My personal view is that neither is right now likely. My only worry is Janet Yellen. I think she is an idiot. A really stupid idiot. And it scares me that she is running the Fed. Luckily there are other Fed governors. But she really scares me. Can you post anything from Klarman from the last year or 2 about him being worried about hyperinflation? Sorry if it's a link already in thread, I just do not remember him saying that. Link to comment Share on other sites More sharing options...
peter1234 Posted June 10, 2014 Share Posted June 10, 2014 From his speech at Jim Grant's conference: “There will be a day when the world looks very different, so when we rack our brains – how we might protect ourselves – we’re looking for cheap optionality. Rates will be higher at some point,” he said, according to a transcript of the speech. “I don’t know where rates would be if not for all this QE and bond buying and expansion of the Fed balance sheet. So what we come up with over and over is gold, the one place you probably want exposure.” Link to comment Share on other sites More sharing options...
Ham Hockers Posted June 10, 2014 Share Posted June 10, 2014 “I don’t know where rates would be if not for all this QE and bond buying and expansion of the Fed balance sheet. So what we come up with over and over is gold, the one place you probably want exposure.” Are treasury prices (rates) more influenced by the incremental purchase of new issues or by the willingness to hold the currently outstanding stock? I don't know the answer for sure, but one of these has been more correct over the past several years. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 13, 2014 Share Posted June 13, 2014 Baupost Buys Stake in LNG Developer Looking at More Projects http://www.bloomberg.com/news/2014-06-13/baupost-buys-stake-in-lng-developer-looking-at-more-projects-1-.html Link to comment Share on other sites More sharing options...
Guest Posted September 19, 2014 Share Posted September 19, 2014 http://www.zerohedge.com/news/2014-09-17/seth-klarman-we-are-recreating-markets-2007 Most recent letter. Link to comment Share on other sites More sharing options...
innerscorecard Posted September 19, 2014 Share Posted September 19, 2014 http://www.zerohedge.com/news/2014-09-17/seth-klarman-we-are-recreating-markets-2007 Most recent letter. I enjoyed the letter. Thanks for the link. But I had to copy and paste it into MS Word and remove all formatting. I couldn't read it with Zero Hedge's sensationalist bolding and underlining. Link to comment Share on other sites More sharing options...
Guest Posted May 8, 2020 Share Posted May 8, 2020 anyone find it funny that Klarman was more bearish in 2010 than he is now (returning money then vs raising in March) but Buffett is way more bearish now? https://www.marketwatch.com/story/baupost-returning-some-money-to-investors-2010-11-10 Link to comment Share on other sites More sharing options...
jschembs Posted May 8, 2020 Share Posted May 8, 2020 anyone find it funny that Klarman was more bearish in 2010 than he is now (returning money then vs raising in March) but Buffett is way more bearish now? https://www.marketwatch.com/story/baupost-returning-some-money-to-investors-2010-11-10 Do you have a link to Klarman's recent musings? I do find it interesting to see Munger and Buffett signaling in their respective ways (Munger more overtly, Buffett more covertly) a real concern. From Munger's 4/17 WSJ interview: “I do think, sooner or later, we’ll have an economy back, which will be a moderate economy. It’s quite possible that never again—not again in a long time—will we have a level of employment again like we just lost. We may never get that back for all practical purposes. I don’t know.” Link to comment Share on other sites More sharing options...
Guest Posted May 8, 2020 Share Posted May 8, 2020 This is pretty much all I know: https://www.bloomberg.com/news/articles/2020-03-19/klarman-sees-bargains-baupost-seeks-more-capital-during-chaos Link to comment Share on other sites More sharing options...
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