Image credit: Detail, Decretals of Gregory IX (France, ca. 1275-1325), Royal 10 E IV, f157, British Library
By Jason Zweig | Jan. 18, 2018 6:07 pm ET
How can value investors, who seek to buy stocks at depressed prices, prevail in a financial world dominated by market-matching index funds?
That’s the main question posed by Seth Klarman, chief executive of the Baupost Group, the $32 billion hedge-fund group, in his 2017 year-end letter to shareholders….
To read the rest of the article:
The Wall Street Journal, https://blogs.wsj.com/moneybeat/2018/01/18/%E2%80%8Bvalue-investor-klarman-watching-for-stumbles-among-unicorns/
Other resources:
Books:
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor
Articles: