1957:

Born on May 21, 1957, in New York City, USA.

1979:

Graduates from Cornell University with a degree in economics.

1979-1981:

Works as an analyst at the Mutual Shares fund.

1982:

Founding of Baupost Group: After working at several financial firms, Klarman founded Baupost Group with just $27 million in assets under management.

1991:

Publication of “Margin of Safety”: Seth Klarman authored a book titled “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.” The book is highly regarded among value investors and became a sought-after, rare collector’s item due to its limited print run.

1995:

Klarman Becomes chair of Facing History and Ourselves, an educational organization that promotes tolerance and understanding.

2008:

Klarman is selected as lead editor of the sixth edition of Security Analysis, a seminal work on value investing by Benjamin Graham and David Dodd.

2008 Financial Crisis:

During the 2008 financial crisis, Baupost Group performed exceptionally well, achieving positive returns while many other funds suffered significant losses.

2011:

Klarman receives the Alumni Achievement Award from Harvard Business School.

2020:

Klarman is elected to the American Academy of Arts and Sciences.

Interesting Facts

Klarman is known for his deep value investing approach, focusing on undervalued assets, distressed securities, and special situations.

He values privacy and operates with a conservative approach in managing Baupost Group.

Seth Klarman is actively involved in philanthropy, supporting various causes and organizations, including education, medical research, and social services.

Klarman is often compared to value investing legends such as Warren Buffett and Benjamin Graham.