May 1st, 2006. Seth Klarman guest lecture at Harvard’s Psychology of Leadership course. This is a rediscovered old video, H/T Business Insider
Seth Klarman only had $6 billion AUM in 2006, today its about $22 billion. He mentions that they were still refusing clients at the time.
Michael Mauboussin: Here’s what active managers can do
The debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More
One funny quote from the video:
“Don’t do anything you wouldn’t want your mother to read about the next morning in the Wall Street Journal. You always want your mother to be proud of what you do.”