no_free_lunch Posted June 19, 2022 Posted June 19, 2022 Anything in particular you want to draw out from the talk? I just don't have the hour to watch it myself but no doubt he is a legend and worth hearing.
Gregmal Posted June 19, 2022 Posted June 19, 2022 Same shit Seth has been saying for like 15 years. Broken clock…
mcliu Posted June 19, 2022 Posted June 19, 2022 It is good to be reminded of the basics. Sometimes people forget and get caught up by the markets. Investing is simple but not easy!
ValueMaven Posted June 20, 2022 Author Posted June 20, 2022 (edited) @no_free_lunchinteresting ... you dont have a free hour to listen to one of the greatest investors of all time talk about the current state of markets .. ?? The talk is highly informative and insightful. I'd suggest carving out time if you can! Edited June 20, 2022 by ValueMaven
Guest Posted June 20, 2022 Posted June 20, 2022 9 minutes ago, ValueMaven said: @no_free_lunchinteresting ... you dont have a free hour to listen to one of the greatest investors of all time talk about the current state of markets .. ?? The talk is highly informative and insightful. I'd suggest carving out time if you can! What evidence do you have that he is "one of the greatest investors of all time"? I have some evidence that he isn't a very good thinker.
crs223 Posted June 20, 2022 Posted June 20, 2022 2 minutes ago, stahleyp said: I have some evidence that he isn't a very good thinker. @stahleypwhat evidence do you have that he is not a good thinker? Thank you!
Gregmal Posted June 20, 2022 Posted June 20, 2022 I actually think Klarman is probably a very good thinker and excels at smart guy type investments. Distressed stuff, complex capital structures, etc. I don’t think he s very good at traditional stock picking, nor is he a wise choice to emulate. His approach is definitely not one the average investor should bother with. Wasn’t his biggest or one of the biggest positions for this entire decade VSAT?
Guest Posted June 20, 2022 Posted June 20, 2022 (edited) 25 minutes ago, crs223 said: @stahleypwhat evidence do you have that he is not a good thinker? Thank you! In his "legendary" book Margin of Safety he said index funds were "fads" failing to understand the arguments for passive. He started becoming bearish in....2010. I mean, he's a smart guy but I believe he trailed the market for the first 15-20 years in his fund. People will say that his goal isn't to beat the s&p 500 but to be "one of the best investors of all time" that should at least be a factor. Even Buffett (truly one of the best) compared himself to an index. Edited June 20, 2022 by stahleyp
Guest Posted June 20, 2022 Posted June 20, 2022 I would say Klarman is probably a good bet if you're already very rich and you want to beat inflation. Part of the reason I don't care for him is that he's too over dramatic, only outpeforms when there are very, very large downturns, won't republish his book (probably to keep the aura in my opinion), etc Supposedly Buffett said he is one of 3 guy he would invest with so I'm probably wrong.
MattR Posted June 20, 2022 Posted June 20, 2022 6 hours ago, ValueMaven said: @no_free_lunchinteresting ... you dont have a free hour to listen to one of the greatest investors of all time talk about the current state of markets .. ?? The talk is highly informative and insightful. I'd suggest carving out time if you can! His interviews are basically the same since a decade. How is he one of the greatest investors of all time? He did not come even close to beat the market the last 10 years. He doesn't republish his book despite huge demand. Druckenmiller's interview at Sohn this year was much more insightful.
Morgan Posted June 20, 2022 Posted June 20, 2022 5 hours ago, MattR said: His interviews are basically the same since a decade. How is he one of the greatest investors of all time? He did not come even close to beat the market the last 10 years. He doesn't republish his book despite huge demand. Druckenmiller's interview at Sohn this year was much more insightful. Do you have the link the to the Druckenmiller interview?
Aurel Posted June 20, 2022 Posted June 20, 2022 1 hour ago, Morgan said: Do you have the link the to the Druckenmiller interview?
tytthus Posted June 20, 2022 Posted June 20, 2022 Quick read from The Transcript of some Klarman quotes from the interview https://thetranscript.substack.com/p/seth-klarman-interview read some, and maybe you’ll want to invest an hour in the video. (I didn’t)
tede02 Posted June 21, 2022 Posted June 21, 2022 (edited) Over the last few years I've chuckled watching replays of the Triple Crown Races. Several times, when the cameras pan over to the owners, I've seen Klarman cheering with a big ole shit eating grin. LOL. Edited June 21, 2022 by tede02
MattR Posted June 22, 2022 Posted June 22, 2022 On 6/21/2022 at 12:55 AM, tytthus said: Quick read from The Transcript of some Klarman quotes from the interview https://thetranscript.substack.com/p/seth-klarman-interview read some, and maybe you’ll want to invest an hour in the video. (I didn’t) I think thinking fast and slow is the most overrated book of all time. It should just be a blog post with a few examples. The summary of the book, is better than the book itself.
pricingpower Posted June 23, 2022 Posted June 23, 2022 On 6/22/2022 at 4:45 AM, MattR said: I think thinking fast and slow is the most overrated book of all time. It should just be a blog post with a few examples. The summary of the book, is better than the book itself. Constitution of Knowledge was a great book, bit surprised it hasn't been a more common recommendation from some of the more wide reading notable investors, it's very Soros/Munger too
VersaillesinNY Posted July 17, 2023 Posted July 17, 2023 Seth Klarman interview – Timeless Value Investing - July 17, 2023 https://www.capitalallocators.com/podcast/timeless-value-investing/
VersaillesinNY Posted July 17, 2023 Posted July 17, 2023 (edited) You can listen to the podcast or download it under the mp3 file. Edited July 17, 2023 by VersaillesinNY
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now