Sometimes buying early on the way down looks like being wrong, but it isn't. - Seth Klarman
"The number of securities that should be owned to reduce portfolio risk is not great; as few as 10 to 15 holdings usually suffice." - Seth Klarman
'Oracle of Boston' Seth Klarman has a rabid following that's stuck with him through thick and thin. Here's why fans of the publicity-shy billionaire investor copy his every move.
Seth Klarman on why he didn't join Goldman Sachs after graduating from HBS in 1982. "the partners were basically 100% male, almost a 100% divorced, almost a 100% fat and almost a 100% bald, and that didn't seem like something to give away your 10 or 15 years.."
So Seth Klarman buys $1 billion in Puerto Rico debt (breaking news from The ). But there's more: Klarman showers pols/candidates w/$2.9 million (per Open Secrets) & stops giving 1 month before Congress passes creditor-favored PROMESA Act.
The investor Seth Klarman is worth $1.5 billion and has $30 billion under management. But he tells that there are things far more important than making money. Specifically: helping the Democrats take back the House and the Senate.