NEW: 'Oracle of Boston' Seth Klarman has a rabid following. Here's why fans of the publicity-shy billionaire investor copy his every move.

Baupost Group founder Seth Klarman, the "Oracle of Boston," has become a billionaire thanks to his value investing ethos.

NEW: 'Oracle of Boston' Seth Klarman has a rabid following. Here's why fans of the publicity-shy billionaire investor copy his every move. Baupost Group founder Seth Klarman, the "Oracle of Boston," has become a billionaire thanks to his value investing ethos. The 62-year-old investor, who also has a stake in the Boston Red Sox and owns a horse stable that produced the winner of the 2017 Preakness, has averaged an annual return of nearly 20% since 1983. Klarman can be ironclad in his value investing convictions, and it helps to have fans who are not dismayed by a couple of years of underperformance. Here's why his annual investor letters have become a must-read for everyone from grad students to world leaders. Read now on BI Prime → Email sent to: ipat39@gmail.com   |   Unsubscribe Terms of Service   |   Privacy Policy © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006