Seth Klarman passionately defends value investing and said its time is coming again soon
Seth Klarman
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Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy.
Klarman, the CEO of the Baupost Group, said his fund posted gains in the high-single…