Published on 22 May 2023 on Insider Monkey via Yahoo Finance

Legendary Value Investor Seth Klarman is Selling These 10 Stocks in 2023

In this article, we discuss the 10 stocks that legendary value investor Seth Klarman is selling in 2023. If you want to see more stocks in this selection, check out Legendary Value Investor Seth Klarman is Selling These 5 Stocks in 2023. 

In early 2020, the pandemic caused a brief disruption in the financial markets, but since then, the markets have experienced significant growth. Forbes reported that Seth Klarman, in his year-end letter for Baupost in January 2022, discussed his strategy to capitalize on various trends that have fueled market growth in recent years. These trends include political uncertainty, government interventions, climate change, and technological disruptions. While there has been a debate about the viability of value investing, value stocks showed signs of a comeback in 2021, although growth stocks remained popular. Klarman emphasized the importance of seeking opportunities beyond the mainstream stocks and focusing on valuation and business fundamentals to achieve long-term capital growth over several years. He is one of the most well-known value investors on Wall Street.

On February 8, 2023, Financial Times cited Seth Klarman, who communicated to the investors of his hedge fund the opinion that the actions taken by the Federal Reserve in response to the 2008 financial crisis, along with the subsequent prolonged period of low interest rates, had led to “erect a financial fantasyland”. In a letter addressed to clients at the end of the year, Seth Klarman, who serves as the head of Baupost Group, expressed his views: