Seth Klarman March 2009 video

[OracleofCarolina]

::)Just watched it over at bengrahaminvesting.ca

 

Now that I think of it, he could be a great successor

To Buffett.

[dcollon]

Thanks for pointing out the interview.  I really enjoyed it.

 

[ExpectedValue]

I agree, I've always thought that Klarman possesses a lot of the qualities that would be ideal in a new CIO at Berkshire. I think that Buffett has publicly praised him as well.

[Mungerville]

Klarman (and Watsa) seem to me head and shoulders above many of the value apostles.  Of course Buffet being Jesus, Munger the Holy Ghost, and Ben Graham being God.

 

When I compare Klarman's ideas in that video and in the most recent OID to, say, Berkowitz's in the recent OID, it just seems like Klarman's ideas are much better and more diverse.

 

 

 

 

 

[turar]

Does anyone know what the returns of Baupost are 2002-2008? According to http://www.scribd.com/doc/14612126/BaupostFundLetters?secret_password=3mahest939sll7q8nx0 the returns for 1990-2001, compared to S&P are:

 

            Baupost    S&P

12/14/90 $50,000.00 $50,000.00

04/30/91 $50,000.00 $50,000.00

04/30/92 $54,757.07 $57,018.44

04/30/93 $65,132.71 $62,282.25

04/30/94 $73,877.69 $65,594.76

04/30/95 $79,846.02 $77,050.60

04/30/96 $90,320.94 $100,330.12

04/30/97 $112,676.72 $125,546.87

04/30/98 $146,526.23 $177,105.14

04/30/99 $119,738.49 $215,753.50

04/30/00 $131,635.70 $237,605.28

04/30/01 $167,244.13 $206,783.48

[maxprogram]

turar-

 

Not sure what Baupost's returns are from 01 on. But keep in mind that those returns you listed are from ONE of Baupost's funds (not the original one). Although he underperforms for this 10+ year period, I think you can infer that the fund must have had fairly large outperformance over the last 7 years. You can see that even in '00/'01 the fund owned a lot of market puts and hedges, which would have had a huge relative impact in '02.

[zarley]

Not sure if the link in the OP was deleted for some reason, but here's a link to the collection of videos they have posted:

 

http://www.bengrahaminvesting.ca/Resources/videos.htm

 

Very good list of speakers.