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Seth Klarman’s speech at MIT
By Rob | June 13, 2008
This below is Seth Klarman’s speech at MIT. This money manager has posted 20+% returns in the last 10-20 years of his career. Enjoy and if anyone has the video of his Columbia U. speech, let me know. Seth Klarman’s speech here.
Oppenheimer bank analyst Meredith Whitney still sees an additional 30% downside in many big financial stocks–including, presumably, Merrill Lynch (MER), Morgan Stanley (MS), and Goldman Sachs (GS). Link to video here, recorded yesterday afternoon on CNBC.Most of the big investment-banking stocks, Whitney says, are trading at 2X tangible book value [a measure of financial strength], which she thinks is too high. Lehman Brothers (LEH), meanwhile, is trading below tangible book, which suggests that the market doesn’t believe Lehman’s reported figures.
This video clip below is 3 hours long and is conducted by Professor Bruce Greenwald from columbia University on behalf of Gabelli Asset Management. Fantastic Seminar on Value Investing
http://gabelli.savvislive.com/ValueInvestingSeminar/
Do hybrids make sense? From today’s Wall Street Journal. If you drive more, your years to break even drop.
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Topics: money managers |