farnamstreet Posted November 26, 2011 Share Posted November 26, 2011 http://goo.gl/pv6QT Link to comment Share on other sites More sharing options...
Guest Posted November 26, 2011 Share Posted November 26, 2011 I haven't even started to watch it yet, but I am pumped! Thanks for posting! :) Link to comment Share on other sites More sharing options...
Green King Posted November 26, 2011 Share Posted November 26, 2011 Nice get, i am pumped too :) !! Link to comment Share on other sites More sharing options...
alpha231616967560 Posted November 26, 2011 Share Posted November 26, 2011 I like how Klarman acknowledges the necessity of arrogance and humility coupled when buying a security (I know more than most who are selling, but... I could be wrong). I also like how this charity that Seth and his wife support is all about history. It is an interesting comment on the intellectual underpinnings of success as a value investor. Great interview. But how could you miss with Charlie Rose interviewing Seth Klarman. Thanks a ton for sharing this. Paul Link to comment Share on other sites More sharing options...
longtermdave Posted November 26, 2011 Share Posted November 26, 2011 I found it interesting that he called BofA a "crappy" business at ~26min. I wonder why... Link to comment Share on other sites More sharing options...
merkhet Posted November 26, 2011 Share Posted November 26, 2011 I found it interesting that he called BofA a "crappy" business at ~26min. I wonder why... I think he doesn't like black boxes. Also, I don't think Warren buys attractive securities in unattractive industries/businesses anymore -- remember that after US Air and Solomon Brothers, he vowed never to do that again. Link to comment Share on other sites More sharing options...
Morgan Posted November 26, 2011 Share Posted November 26, 2011 Great Video. Really fantastic to see Rose and Klarman together. I've always wanted to see Rose interview Klarman. See here for my notes: http://www.bottomupanalysis.com/2011/11/26/seth-klarman-interviewed-by-charlie-rose-notes/ Link to comment Share on other sites More sharing options...
Guest FFHfan Posted November 27, 2011 Share Posted November 27, 2011 Brilliant interview! Rose and Klarman are great together. Awesome charity of Klarman. :) Link to comment Share on other sites More sharing options...
Myth465 Posted November 27, 2011 Share Posted November 27, 2011 I haven't even started to watch it yet, but I am pumped! Thanks for posting! :) Link to comment Share on other sites More sharing options...
Viking Posted November 27, 2011 Share Posted November 27, 2011 Thanks for posting... very informative. I don't think this was Charlie's best interview; too much Warren Buffett love at times. Seth handled himself very well; that is one smart dude. Link to comment Share on other sites More sharing options...
MrB Posted November 28, 2011 Share Posted November 28, 2011 Who made the introduction? Mauboussin? Link to comment Share on other sites More sharing options...
MrB Posted November 28, 2011 Share Posted November 28, 2011 The Charity http://www.facinghistory.org/ Link to comment Share on other sites More sharing options...
Myth465 Posted November 30, 2011 Share Posted November 30, 2011 Great interview. Thanks again for the link. Link to comment Share on other sites More sharing options...
biaggio Posted November 30, 2011 Share Posted November 30, 2011 http://www.businessinsider.com/12-brilliant-insights-from-hedge-fund-manager-seth-klarman-2011-11 Summary of some pts from interview with some intersting pictures. Moore, check out slide 3: "Investing is the intersection of economics and psychology... The economics, the valuation of the business, is not hard. The psychology -- How much do you buy? Do you buy it at this price? Do you wait for a lower price? What do you do when it looks like the world might end? Those are the harder things." He said with time and experiences those things can be learned, but you also have to have the right psychological make up in the first place, he added." Klarman seems to be saying what you say in other posts re younger investors. Link to comment Share on other sites More sharing options...
berkshiremystery Posted November 30, 2011 Share Posted November 30, 2011 Great interview. But i didn't knew, his book only sold about 5,000 copies... lol I'm the lucky owner of the actual hardcopy, and only paid some years ago... something below or around $200, a real bargain. ::) Guy Spier, who is also an owner of it, seems to hide it at a secret place... as he couldn't find it on his book shelf in his Zurich office. ;D Link to comment Share on other sites More sharing options...
Buckeye Posted November 30, 2011 Share Posted November 30, 2011 Hey Peter_Burke- Have you watched this video? http://www.bengrahaminvesting.ca/Resources/Video_Presentations/Guest_Speakers/2009/Klarman_2009.htm It's been a while since I watched it, but it may be more of what you are looking for. Let me know what you think. Link to comment Share on other sites More sharing options...
Liberty Posted November 30, 2011 Share Posted November 30, 2011 Hey Peter_Burke- Have you watched this video? http://www.bengrahaminvesting.ca/Resources/Video_Presentations/Guest_Speakers/2009/Klarman_2009.htm It's been a while since I watched it, but it may be more of what you are looking for. Let me know what you think. That's excellent! Thank you for posting it! Anymore like that, either from Klarman or from other greats? Link to comment Share on other sites More sharing options...
Buckeye Posted November 30, 2011 Share Posted November 30, 2011 Hey Liberty- Here you go! http://www.bengrahaminvesting.ca/Resources/videos.htm Watsa, Chou, Whitman, Schloss, Kahn, Hawkins, Cundill and many more. It is probably one of the finest collections on the web, Buckeye Link to comment Share on other sites More sharing options...
Liberty Posted November 30, 2011 Share Posted November 30, 2011 Hey Liberty- Here you go! http://www.bengrahaminvesting.ca/Resources/videos.htm Watsa, Chou, Whitman, Schloss, Kahn, Hawkins, Cundill and many more. It is probably one of the finest collections on the web, Buckeye Thank you, I had put that in my bookmarks a while ago but had forgotten about it until I refound it earlier today after asking here. I definitely won't forget about it a second time! Thanks for the link :) Link to comment Share on other sites More sharing options...
Guest Posted November 30, 2011 Share Posted November 30, 2011 Buckeye, thanks for the links! By the way, are you a fellow Ohioan? Link to comment Share on other sites More sharing options...
Buckeye Posted November 30, 2011 Share Posted November 30, 2011 No problem. I have thoroughly enjoyed these videos and figured they were old news around this group :) I am glad to be able to contribute to the forum. Also, I am in Columbus..you? Link to comment Share on other sites More sharing options...
Santayana Posted December 1, 2011 Share Posted December 1, 2011 http://www.businessinsider.com/12-brilliant-insights-from-hedge-fund-manager-seth-klarman-2011-11 Summary of some pts from interview with some intersting pictures. Moore, check out slide 3: "Investing is the intersection of economics and psychology... The economics, the valuation of the business, is not hard. The psychology -- How much do you buy? Do you buy it at this price? Do you wait for a lower price? What do you do when it looks like the world might end? Those are the harder things." He said with time and experiences those things can be learned, but you also have to have the right psychological make up in the first place, he added." Klarman seems to be saying what you say in other posts re younger investors. I thought Klarman was something like 50% cash right now because he is worried about the macro? This is pretty much the opposite of what Moore has been saying. Link to comment Share on other sites More sharing options...
Guest Posted December 1, 2011 Share Posted December 1, 2011 No problem. I have thoroughly enjoyed these videos and figured they were old news around this group :) I am glad to be able to contribute to the forum. Also, I am in Columbus..you? Sweet, man. I'm from Cincinnati. 8) Link to comment Share on other sites More sharing options...
biaggio Posted December 1, 2011 Share Posted December 1, 2011 http://www.businessinsider.com/12-brilliant-insights-from-hedge-fund-manager-seth-klarman-2011-11 Summary of some pts from interview with some intersting pictures. Moore, check out slide 3: "Investing is the intersection of economics and psychology... The economics, the valuation of the business, is not hard. The psychology -- How much do you buy? Do you buy it at this price? Do you wait for a lower price? What do you do when it looks like the world might end? Those are the harder things." He said with time and experiences those things can be learned, but you also have to have the right psychological make up in the first place, he added." Klarman seems to be saying what you say in other posts re younger investors. I thought Klarman was something like 50% cash right now because he is worried about the macro? This is pretty much the opposite of what Moore has been saying. I don t know for sure about that, you could be right. I don t know a whole lot about Klarman + his portfolio, macro investing etc. I assumed he focused on the securities + individual opportunities. I was just thinking that as you get older you will have a better feel and probably a different perspective regarding allocation of capital, and the psychology involved. Link to comment Share on other sites More sharing options...
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