Seth Klarman

“We’re not the stereotypical hedge fund in terms of an idea a minute. We come in with a view that a security is trading for less than it’s worth, and we buy it.”

[UPDATE: Read AR’s exclusive profile, The Value of Seth Klarman, in our June 2010 issue.]

Seth Klarman is nobody’s idea of a fast-buck, quick-change investor. Since helping to found Boston-based Baupost Group in 1982 with $27 million pooled from four families, he has emulated prototypical value-investment role models like Warren Buffett and the late Benjamin Graham.

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