6 Book Recommendations From Seth Klarman

Seth Klarman is an American investor and hedge fund manager. He is chief executive and portfolio manager of the Baupost Group Enterprises.

He has recommended a number of books that have influenced his thinking and approach to investing. While this list is by no means complete, here are some of the book recommendations from Seth Klarman:

1. When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein tells the story of the rise and fall of Long-Term Capital Management (LTCM), a hedge fund that collapsed in 1998.
2. America’s Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein tells the story of the creation of the Federal Reserve System. The book chronicles the political and economic forces that led to the creation of the Fed, as well as the personalities involved in the process.
3. Panic – The Story of Modern Financial Insanity by Michael Lewis compiles news articles and essays about four financial panics.
4. Buffett: The Making of an American Capitalist by Roger Lowenstein by Roger Lowenstein is a biography of Warren Buffett, the American business magnate, investor, and philanthropist.
5. The End of Wall Street by Roger Lowenstein tells the story of the 2008 financial crisis.
6. Security Analysis: Sixth Edition, Foreword by Warren Buffett by Benjamin Graham and David Dodd is considered to be the Bible of value investing. It was first published in 1934.