"Billionaire investor Seth Klarman, who has a net worth of more than $1 billion, is a very smart portfolio manager who runs the show over at Baupost Group. While Klarman may not make the headlines as much as the likes of other billionaire investment legends, his value investment principles, I think, are some of the best out there. Like the Oracle of Omaha, Warren Buffett, Klarman (who's known by some as the Oracle of Boston) follows the teachings of the great Benjamin Graham."
"Baupost added to its position in shares of Google-owner Alphabet ( NASDAQ:GOOG), and what a brilliant and well-timed buy it was, as GOOG stock has gained more than 45% since the start of the third quarter. Indeed, investors who buy the stock today, at just shy of $250 per share, will be paying a much higher price of admission than Klarman and other big-name hedge funds that punched their ticket."
Seth Klarman is a billionaire investor who runs Baupost Group and follows Benjamin Graham's value-investing principles. Klarman wrote Margin of Safety, a recommended read for DIY investors. Baupost was active in the second quarter with multiple buys and sells and is a notable filer during 13-F season. Baupost increased its position in Alphabet, a timing that preceded a more than 45% third-quarter gain in GOOG shares. GOOG traded near $250 per share after the gains, making recent purchases more expensive than Baupost's earlier entry. GOOG's trailing P/E near 26.3 supports a view that the stock remains underappreciated given its AI prospects.
Read at 24/7 Wall St.
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