Seth Klarman on the credit crisis and value investing

This guy has delivered 20% net compound returns for 25 years.

“The pendulum may be starting to turn-as recent developments in the mortgage and hedge fund markets suggest. Because the scale of today’s leverage so greatly exceeds historical levels, it seems possible that we are only in the early stages of a credit contraction.”

His speech at MIT in January below covers a lot of ground on value investing versus leverage, efficient markets, credit crunch, VC/PE.

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3 Responses to “Seth Klarman on the credit crisis and value investing”

  1. Allen Taylor Says:

    Nice writing. You are on my RSS reader now so I can read more from you down the road.

    Allen Taylor

  2. Seth Klarman on the credit crisis and value investing Says:

    […] George wrote an interesting post today onHere’s a quick excerptBecause the scale of today’s leverage so greatly exceeds historical levels, it seems possible that we are only in the early stages of a credit contraction.” His speech at MIT in January below covers a lot of ground on value investing … […]

  3. Srinivas Rao Says:

    Great article, The concept of value investing has encouraged me to start a portal of value investing on the Indian stock markets. I am doing analysis of Low PE, High dividend yields, Low PB and Low PB with high returns. I would love to share anything which is common. I really appreciate the effort you have put in your blog.

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