Published on 23 May 2022 on Insider Monkey via Yahoo Finance

Legendary Value Investor Seth Klarman is Buying These 10 Stocks

In this article, we discuss 10 stocks legendary value investor Seth Klarman is buying. If you want to skip our detailed analysis of Klarman's stock picks and hedge fund history, go directly to Legendary Value Investor Seth Klarman is Buying These 5 Stocks.

Seth Klarman co-founded Baupost Group in 1982, and currently serves as its chief executive and portfolio manager. The New York-born billionaire met his cofounders while studying at Harvard Business School for an MBA. These were a group of Harvard professors who called on Klarman to run the hedge fund. He's been at the helm since, and has managed to take it from $27 million startup capital in 1982 to $9.3 billion in assets under management as of the first quarter of 2022. Klarman employs a long-only strategy, and is a vocal proponent of value investing. He follows the investment philosophy of Benjamin Graham, who was known as the 'father of value investing'. This strategy revolves around buying undervalued assets at a margin of safety and then riding out the wave to profitability. Seth Klarman has authored a very influential book on investing called ‘Margin of Safety’, which enjoys its own unique stature in the financial world, selling for thousands of dollars due to its limited number of copies in circulation.

The stock market has shed billions in value since the start of the year, on the back of rising inflation, a bump in interest rates by the Fed, soaring energy prices and geopolitical tensions emanating from the Russia-Ukraine crisis. The S&P500 has lost 18.4% in the year to date, and the tech-heavy Nasdaq composite has plummeted 28.3% in the year to date. In the present-day market volatility, many analysts are predicting a recession.