From The Dynamic Dividend:
Seth Klarman is widely regarded as one of the most intelligent and successful value investors of all time, and the numbers back it up. Since founding The Baupost Group in 1983, his firm has returned nearly 20% annually.
In addition to his impressive track record, Klarman has also penned one of the most sought-after investing books, which has turned into an economics lesson in its own right.
Margin of Safety is no longer in print, but that doesn't mean it's not in demand: Used copies are sometimes seen listed on Amazon, usually for upwards of $1,000.
Baupost manages more than $20 billion, but a relatively small amount of the firm’s capital is currently in stocks. Klarman runs a concentrated $2.4 billion equity portfolio which currently owns only 21 stocks, so when he invests in a company he usually does so with conviction. Such has been the case with the only two dividend stocks added to Baupost's equity portfolio this year, each of which appear to be very cheap right now.
Baupost started accumulating shares of…
Read full article…
More on dividends:
Four dividend stocks to buy when gas prices fall
Ten top stocks that could pay you 10% dividends in 10 years or less
Some of the world's best-known blue chip stocks have become "high yielders"
