Investor of the week--Seth Klarman

Seth Klarman is a value investor and portfolio manager at Baupost Group, a $7 billion investment partnership founded by him in 1983. Since its inception, Klarman has managed to guide the portfolio to gains of 20% annually. Klarman is the author of "Margin of Safety" a investing classic that now sells on Amazon in upwards of $900.

Investment Philosophy

Seth Klarman invests in everything from value stocks in the traditional sense to distressed debt, and liquadations. With that said, Klarman has no problem doing nothing on occasions as evidenced by his large cash holding during 2005 and 2006 and when investment opportunities are few. He also returned 5% of cash to his clients for lack of investment opportunities.