Seth Klarman, author of "Margin of Safety" loses $645m on PG&E

https://finance.yahoo.com/news/hedge-fund-pge-losses-160917499.html

I'm sure everyone here has heard of his book. If you haven't, you can pick up a copy on Amazon for about $1,000.

It just goes to show you, that even if you're a great investor, you can still get your ass kicked in the market.

 

Seth Klarman has made $32 Billion from the market!

 

If you are good at googling or binging you can find the PDF of the book.

 

Well that was easy.

http://www.valueplays.net/wp-content/uploads/Margin.of.Safety.by.Seth.Klarman.1991.FullScan.pdf

 

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Actually that can be a good plan; divide capital into many parts+ persistantly buy.
But good warning,Peil TT ,bankruptcy or persistant mismanagement can ruin anyone. NOT sure if the state flag of CA, a bear , means much LOL??

Like Pt Jones noted; losers average losers,so a selling plan is part of a good buying plan.

 

Do these guys not hedge at all?

 

They “hedge” their billions by gambling with investors money and taking 2 and 20

 

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LOL. I may want to read his book; Margin of Safety. I just read the cover; Its about value investing, lowered the used bids to $55 now.New price =$10[NEVer did understand some hedge fund pricing LOL] Looks like a good read if you trade sardines.........

 

Fortune favors the bold.

Based on the numbers posted here that is a small trade given his worth. 2% of his worth on one trade.

 

I remember it as "May fortune favor the foolish."