Chris Lau - Seeking Alpha

Thursday, April 30, 2009

Interview of Seth Klarman

Seth Klarman is a true value investor. A true value investor is risk-averse. Therefore there is a greater desire to protect on the downside than to make a lot but which runs an enormous risk.

Here is the link:

Today's Economic Results:
From Bloomberg:
  • A record 19.1 million homes stood unoccupied in the first quarter and the U.S. homeownership rate fell as the recession sapped demand for real estate
  • The number of vacant homes, including foreclosures, properties for sale and vacation properties, jumped from 18.6 million a year earlier, the U.S. Census Bureau said in a report today.