Adam I much appreciate your insights and candor.
That said I think you missed the mark talking up Seth Klarman and Baupost Group. Three keys points you failed to mention that the click-thru 'reports' reference in the second to the last paragraph reveals;
The fund returns have only been about 4% since 2014 vs an S&P return well north of 11%
The fund last year underwent a major restructure and cut 20% of investment staff.
as a result the fund has experienced massive withdrawals.
You somewhat redeem yourself in the last paragraph espousing index funds but the article should have reflected the full rest of the story.
Comments
Adam I much appreciate your insights and candor. That said I think you missed the mark talking up Seth Klarman and Baupost Group. Three keys points you failed to mention that the click-thru 'reports' reference in the second to the last paragraph reveals;
- The fund returns have only been about 4% since 2014 vs an S&P return well north of 11%
- The fund last year underwent a major restructure and cut 20% of investment staff.
- as a result the fund has experienced massive withdrawals.
You somewhat redeem yourself in the last paragraph espousing index funds but the article should have reflected the full rest of the story.Post: How to Beat the Market
Link to comment from August 23, 2025