Patrick Poke

Seth Klarman's annual letter to Baupost investors does the rounds at Davos (and I've got a copy to share with you); Capital Economics forecasts the AUD to fall to 60c; and NAB data suggests Christmas spending will disappoint. Here's what's happening in markets today. Show More

Clime Asset Management

Small-caps offer opportunities for outsized returns, however it’s also an area in which to be especially cautious. Simply buying a basket of smaller companies in recent years probably wouldn’t have yielded good results, as the chart below starkly reminds. You have to be selective. Show More

Steve Johnson

Seth Klarman's Baupost is one of the most respected value investing firms in the world. In a recent report to investors, Klarman let a retiring staff member, Brian Spector, write a piece on the firm's investment process. Show More