Seth Klarman, CEO and Portfolio Manager of the US-based hedge fund, Baupost Group, has been touted widely as “the next Warren Buffett”. The nickname The Oracle of Boston (a reference to Buffett’s “Oracle of Omaha” nickname) has even been used to reference him. However, unlike Berkshire Hathaway, which is a... Show More
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
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
In the red corner, weighing in at $12bn funds under management, the baby-faced assassin, David Einhorn. Owner of a surprisingly powerful left jab and a mean poker player, the New York born and bred Einhorn ('unicorn' in German) recently slammed oil fracking companies generally and Pioneer Natural Resources in particular... Show More