Legendary investor Seth Klarman on investing: Look for the most inefficient pockets in the world

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online

#CNBC
#CNBCTV 

[cozyslor]

Over 20 years ago I was handed his annual report to shareholders and he stated, "Absent of a better investment opportunity, better to hold cash than buy overpriced securities". I never forgot that.

[Nernst]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions

[Red-jt]

Investing in various sources of income that are independent of the government should be the most essential thing on everyone's mind right now. especially in light of the global economic crisis at the moment. I have $560, 000 sitting in savings searching for the best method to enter these markets. This is still an excellent moment to invest in equities, gold, silver, and digital currencies.

[stevensmiddlemass]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[boskojovanovic]

For someone with his investing pedigree, he is showing incredible humility.

[HelloWorld-hbyt]

wow, probably first time i see him on CNBC.

[miawhitlock]

What can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market", I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.

[DoctorDoom]

Aka Japan, most undervalued sector on a value basis ever

[geraldt]

lnvesting in the stock market has historically provided higher returns than other forms of investment with the average annual return for the S&P 500 index, being approximately 10% over the past 3 decades. I've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains.

[rufuspipemos]

I still have an original copy of his great book, which is now worth hundreds of dollars and is a classic.

[lucianoboccedi]

Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

[michaelfriend]

What a flex saying you graduated from Cornell. Good for you...

[edycivil]

market is at fare value right now, S&P average PE is around 19, it was 24 before covid...

[Raymondjohn]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues.. well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60. I need suggestions on what investments to make..

[nightknight]

Wise investors like Seth Klarman avoid the crypto space completely!

[slovokia]

Inefficient markets are likely to be small, less transparent, unglamorous and potentially affected by various flavors of crony capitalism. There may be some politcal / reputational risks in participating in them. How would a young person select which ones to get involved in given the potential risks?

[emmett]

Can’t find value in crypto? Seth Klarman is literally invested in Coinbase…

[Dilbert]

Seth gives a nobrainer on ETF: Of course the longterm performance depends on the entry time, however there is no such thing as timing the markets. So in essence the only thing worthwile is to stick with it through thick and thin for a long period of time. Outperforming the markets is something only Buffett achieved and there is little understanding of his recipe that can be copied. It sounds too easy to be true!

[honeylabadger]

i just noticed that Charlie Munger, Warren Buffet, and Seth Klarman all do interviews with pretty much the same body position and body language lol.. like they are permanently stuck in that seated position, like their hands and head are attached to a box. they are among us >_<

[sirus]

Waste Management Industry is the most inefficient. ZERO technology at scale on the software side, no AI. Yet a massive industry and growing. Whoever brings AI and tech to it= biggest winner