Jason Zweig Interview with Seth Klarman: Strongly Recommended
Posted by Larry Doyle on September 25, 2010 10:22 AM |
Patience is a virtue.
Wall Street is neither a patient place, nor a patient industry. Our nation is now paying a very steep price for the perpetual short term mentality that continues to dominate our financial system and permeate our nation.
I strongly believe we need to shirk those who make different recommendations every other day. We need to embrace those who have a more macro view of the world and our markets and the insights to navigate accordingly. While many may profess to have these skills and perspectives, very few distinguish themselves like The Baupost Group’s Seth Klarman.
I first introduced Seth Klarman to readers of Sense on Cents this past May when I wrote The Best Sense on Cents: STRONGLY RECOMMENDED. Embedded in that commentary are highlights from an interview with Seth Klarman by The Wall Street Journal’s Jason Zweig. The full interview came across my desk this week and is so good that I am compelled to share it. If you care about your personal finances and have an interest in our markets and our economy, do yourself the favor and take the short time to savor this interview. Zweig takes us where very few journalists could even entertain going. Share this with friends and colleagues. They will thank you.
Click on image to access a pdf document of the full interview:
I have no affiliation or business interest with any entity referenced in this commentary. As President of Greenwich Investment Management, an SEC regulated privately held registered investment adviser, I am merely a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.