Seth Klarman Goes Bargain Hunting: 2 Stocks He Just Bought
Seth Klarman is CEO and portfolio manager of Baupost Group, an investment firm that manages billions in assets for families, foundations, endowments, and other institutions.
However, some might know Klarman as the author of Margin of Safety -- a long out-of-print title that is considered one of the best books on value investing, with copies selling for over $1,000 on eBay. It's understandable, considering Baupost Group has reportedly earned an annualized return of about 20% since 1983, which is in Warren Buffett's league.
Given those awe-inspiring returns, it is always worth checking out what Baupost is buying, and there were some interesting moves in the first quarter. Here are two stocks related to artificial intelligence (AI) Klarman was buying recently.
Source Fool.com
