HF manager Seth Klarman still beats SP500 while 50% in cash

Discussion in 'Wall St. News' started by makloda, May 14, 2007.

  1. EARNING 22 percent on your investments while holding half of your portfolio in cash is no easy trick, but last year Seth A. Klarman pulled it off, and it was not the first time.

    Mr. Klarman, a 49-year-old hedge fund manager, has turned in market-beating performances since 1983, while perpetually warning that the markets were dangerous and that investors should minimize risk.

    What is his investment approach? He will not spell it out, although lots of people would like to know. On the Web, the price for his out-of-print 1991 book — “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor” — has gone for $1,200 on Amazon and $2,000 on eBay.

    More: http://www.nytimes.com/2007/05/13/b...?_r=1&ref=business&pagewanted=all&oref=slogin
     
  2. chud

    chud

    Maybe he just bought a bunch of his books in '91 and has been feeding em out on the internet. Smart investor.
     
  3. Ya think the book will let you dupl;icate his performance?

    Be selling for 50,000 not 2000
     
  4. Long term trend followers might experience similar results trading five stocks included in the Dow Jones Industrial Average.

    <img src=http://ec3.images-amazon.com/images/G/01/ciu/85/36/e0d4a2c008a0441d31e75010._AA240_.L.jpg \img>

    Looking at an image of the book cover is free.
     
  5. Why would anyone pay 2 20 and to someone with 50 percent cash. 90 percent of the HF community is a joke and the investors are retarded.
     
  6. Cause he returned 20% annually on average since 1983 and had only 11 negative quarters out of the total 97 quarters since the fund was launched?

    Even if he held 99.99% in cash those numbers are fantastic.
     
  7. Biog

    Biog


    Are you retarded? :D :D
     
  8. but id rather the cash be in me bank then...:D
     
  9. My 'overrated' alarm is going off.
     
  10. Yes, well he may be overrated but he could buy you , sell you short, and cover at ZERO.

    So what does that make ............... u
     
    #10     May 15, 2007