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NEW: 'Oracle of Boston' Seth Klarman has a rabid following. Here's why fans of the publicity-shy billionaire investor copy his every move.
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Baupost Group founder Seth Klarman, the "Oracle of Boston," has become a billionaire thanks to his value investing ethos.
NEW: 'Oracle of Boston' Seth Klarman has a rabid following. Here's why fans of the publicity-shy billionaire investor copy his every move.
Baupost Group founder Seth Klarman, the "Oracle of Boston," has become a billionaire thanks to his value investing ethos.
The 62-year-old investor, who also has a stake in the Boston Red Sox and owns a horse stable that produced the winner of the 2017 Preakness,
has averaged an annual return of nearly 20% since 1983
.
Klarman can be ironclad in his value investing convictions, and it helps to have fans who are not dismayed by a couple of years of underperformance.
Here's why his annual investor letters have become a must-read for everyone from grad students to world leaders
.
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