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09-02-2017, 08:54 AM
Seth Klarman needs no introduction if you are already a value investor. Ranks with the likes of WB. He just wrote a letter to his investors and IMHO is a must read for us all. Here is the link or you can read it in Today's paper: http://www.todayonline.com/world/wall-st...-justified
Couple of things I find it worth noting;
1. for those ETF fans, read what he says. I agree with him that ETF is an abuse tool for lazy investors and although it works before has now become ineffective to the point that it can be detrimental to investors. With this comes opportunities for non ETF investors.
2. going forward how to invest is insightful of what may come with his Thomas Jefferson quote:
"In matters of style, swim with the current; in matters of principle, stand like a rock.”
My interpretation of what he is saying is that there will be momentum trades for flavor of the day to take advantage off but there is also fundamentals to buy into for long term investing.
Thousand likes for his insightful tots.
Couple of things I find it worth noting;
1. for those ETF fans, read what he says. I agree with him that ETF is an abuse tool for lazy investors and although it works before has now become ineffective to the point that it can be detrimental to investors. With this comes opportunities for non ETF investors.
2. going forward how to invest is insightful of what may come with his Thomas Jefferson quote:
"In matters of style, swim with the current; in matters of principle, stand like a rock.”
My interpretation of what he is saying is that there will be momentum trades for flavor of the day to take advantage off but there is also fundamentals to buy into for long term investing.
Thousand likes for his insightful tots.
