Seth Klarman of Baupost Group

Jean-Marie Eveillard sat down with Great Investors for a lengthy interview. In this segment Jean-Marie Eveillard talks about a wedding he attended which Seth Klarman was also attending. Seth Klarman told Eveillard that Baupost has two advantages over most investors. 1. I am a value investor and 2. I am in the hedge fund business. Therefore, with $25 billion aum he is closed most of the time but he decides when to open it and who he will allow to invest. The odds shareholders would abandon his fund

The video is embedded below: