Legendary investor Seth Klarman on investing: Look for the most inefficient pockets in the world
HTML-код
- Опубликовано: 5 июн 2024
- Legendary investor Seth Klarman, The Baupost Group CEO, joins 'Squawk Box' to discuss the changing market landscape, where to find value in today's market, cryptocurrency, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
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
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
www.cnbc.com/select/best-cred...
#CNBC
#CNBCTV
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
you are right. it's been a brisk tailwind for lnvestors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financiaI advlsor
Please who’s this advlsor that guides you?
I just checked her out and I have sent her an email. I hope she gets back to me soon.
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
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
When it comes to investing in stocks, one of the biggest mistakes investors can make is throw in the towel right when we hit a bear market bottom and the indexes find support and start to surge. I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know.
@@trane85 I lost over $9000 this week, which is money I'm putting aside for retirement ; who is this individual that advises you?
I am being guided by “Colleen Rose Mccaffery” whom I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
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?
People spend their money when they have it. And when they have more money, some people tend to spend it more. You should speak with a financial expert if you wish to improve your financial management.
Naw you have too much cash who got lucky a little too often. JPow is going to dry up some of that liquidity of yours.
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.
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.
Something I’ve learned from my first bear market: You don’t have to outperform, just survive. If you can survive and let your competitors blow up you’ll be the only one left and in a better position than before
@@fredydez634 Working with a professional to develop a well-structured investing portfolio is a wonderful approach to get started. That's why I've been working on my dealings with “NICOLE DESIREE SIMON”. Because most traders enter the market with the intention of making a quick 10% to 20% profit, I've learnt to remain patient with the market
@@Aziz__0 Glad to have stumbled on this conversation. Please can you leave the info of your investment-advisor here? I’m in dire need for one.
@@AUstinnesc NICOLE discusses topics like insurance, retirement planning, investing, insurance, tax benefits, and techniques to reduce investment risk volatility. numerous instances of that. Just Google her complete name to see what it says. Finding her shouldn't be difficult because she is highly recognized.
team
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.
@@friederichkuhn8300 Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@javiermunoz990 Having a coach is key to portfolio diversification, My advisor is "Nadine Julia Allevato" You can easily look her up, she has years of financial market experience.
@@chrisbluebird5037 I just looked up Nadine Julia Allevato online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
If you have plenty of time, and is patient enough, you could read books related to warren Buffett investing and Peter lynch those masters of investment before really investing in any stocks, in order to get a sense of what investment really is. Get the right tools first is always more important than getting the right stocks. Because opportunities is existing 30 years ago and now and later. Make sure to invest in a good safety of margin. Losing money is so much easier to earn money in stock market.
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..
I'll suggest you find a mentor or someone with experience guide you especially in this recession. especially for your 401K, IRA and portfolio diversification.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted over 2.8million.
@@hermanramos7092 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your Inv-coach could guide me with portfolio-restructuring..
@@Oly_laura I've shuffled through a few advisors but “Catherine Morrison Evans” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..
@@hermanramos7092 Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted Catherine’s full name into my browser, and her website came up first in search results. She looks flawless.
I am relatively new to the stock market, and unfortunately, I have experienced bad luck with the timing of my stock purchases thus far. It feels like I have missed out on numerous opportunities, particularly in the tech stock sector. I believe that investing my savings, which amount to a yearly income of 150K, could be a wise decision. However, I am uncertain whether I should take the time to learn about investing myself or delegate the task to a more capable professional like a financial advisor (FA). I would appreciate hearing your insights on this matter. I have grown tired of searching for promising stocks to buy and constantly feeling like I've missed out on good opportunities.
Even with the correct strategy and assets, it's evident that some investors outperform others. As an investor, you must have already recognized that nothing surpasses the value of experience. Personally, I found it necessary to seek guidance from a stock expert, which enabled me to significantly grow my account, approaching a million in value. I made the prudent decision to withdraw my profits just before the correction occurred, and now I am in the process of reinvesting once again.
@@jessicasquire please who is the expert assisting you and how do I reach out to them?
@@patrickbrussels4454 I am currently in contact with a broker named *STEPHANIE KOPP MEEKS* . I discovered her through a Bloomberg interview and reached out to her for assistance. However, please note that you can consider exploring other options. Personally, I have found her strategy to be effective, leading to positive results. She offers valuable insights and guidance by providing entry and exit points for the specific securities I focus on.
@@jessicasquire Thank you for sharing your experience. I conducted a search for *STEPHANIE KOPP MEEKS* and thoroughly reviewed her website. She appears to be highly knowledgeable and capable, so I have scheduled a call with her.
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.
Having an lnvestment advser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $320K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know.
.Lindamarie Kristine Anest. You can easily look her up, she has years of financiaI market experience.
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?
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Invest-ment planner if you need an aggressive return.
Recessions are where millionaires are created. After my port_folio took a big hit in April, I was forced to employ the services of an Invest-ment-analyst who has not only accrued a profit of $250k for me since then but has also taught me how.
@@hushbash2989 credits to Eleanor Annette Eckhaus, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@africanboi4542 Thank you for this tip. it was easy to find Eleanor Annette your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
wow, probably first time i see him on CNBC.
For someone with his investing pedigree, he is showing incredible humility.
Aka Japan , most undervalued sector on a value basis ever
My dude! Yes Japan has had an economic recession since the 1990's and most assume that the, "closed in" nature of Japanese business culture prevents investment from the outside but this might be changing rapidly. I think a newly liberalized Japan where foreign investment plays a key part in the economy as a whole might be a run up to a better situation in the Pacific. If Japan and China can remain relatively prosperous I don't think there's really any potential for determined conflict in the future.
tl;dr Japan is old af it isn't going anywhere and eventually they'll figure out how to get out of the recession. Buy the Nip Dip!
I still have an original copy of his great book, which is now worth hundreds of dollars and is a classic.
Another legend !😊
market is at fare value right now, S&P average PE is around 19, it was 24 before covid...
Thank you for pointing this out. This is such an overlooked feature of today's markets. Everyone's either anticipating a new golden age or a a huge collapse and very few consider the very real and very likely possibility that despite world events that the market is efficient and relatively fair. Fools greater and lesser! Cheers.
Interest rates are more than 300 basis points higher than pre-covid; p/e ratios should be even lower at these rates.
NVDA is not at fair value. It's at bubble squared value.
Buy puts before its next earnings release.
@@jcgoogle1808 it's the only AI chip maker, are you going to short a monopoly? maybe just ignore it, sideline is a position
@@nukm4 if people are still spending their cash like they did before then no crash. The consumer is the economy in the united states.
❤
Wise investors like Seth Klarman avoid the crypto space completely!
Don't believe everything these HF guys say... they need to just be very cautious about what they say as crypto is very volatile still and still early in the adoption curve.
What a flex saying you graduated from Cornell. Good for you...
He is saddled with debt probably and became journalist. Nothing to be envious about ;)
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?
I think he was talking about investment professionals and not average Joes.
Paypal is still opportunity pending 😮
Cornell that explains it
Wym?
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!
He will be tokenized
After becoming rich, rich peoples won't invest in the Startups. They will invest in the growth Company. That's the magic of rich people brain.
Can’t find value in crypto? Seth Klarman is literally invested in Coinbase…
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 >_
0:50
Picking winning stocks is like playing roulette. Investing in a low cost (exp ratio) index fund is the way to go. But to each is own.
Hold both the index & quality individual companies long-term, then enjoy early retirement along with me.
4
Romeo grupo aventura oro africa
He can’t find value in crypto, but owns Coinbase. Isn’t Coinbase just the exchange for crypto? Make that make sense…
Maybe he views it like investing in a casino
He doesn't own Coinbase shares, he owns convertible senior notes of the company
It about the structure of the industry, you don't need to smoke cigarettes in order to understand that a lot of people will, and that's why you buy a cigarette company.
The regulatory risk and very little pricing power in the hand of the users means that, if your analysis says that people will trade and or use crypto,( regardless of whether you believe in Crypto or not) then Coinbase would be in a place to extract maximum value from the crypto industry and thus would get rerated upwards in the long run.
He doesn't own Coinbase or any other crypto! Wise investors like Seth Klarman avoid the crypto space completely!
@@FedtTony more like a bank
Yah, put your money in ETF make 7 percent. That means like a bank they hold your money and make FAST 100 percent money over and over with margin on YOUR money....hard blinks going on.. So you make slow money while they make billions just like the old days....coool
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
Hindsight is not the place to evaluate. If I win $1 million in Russian Roulette, does it make the game any less dangerous/speculative?
you are cheater🙌🕕🤏💣
He can't find any value in crypto but took a position in coinbase? interesting.
Wow after 2 years of complete utter bearish sentiment complete selloff from growth small midcaps finally getting harder in finding bears
cornell is basically a community college, so relax.
Lol what 😂
Terrible take
100%
"association"!
Those links are to interviews at msnbc which has absolutely no credibility. I don't eat baby food, good luck.
Apparently this guy is funding settlements in the West Bank. I don’t see any videos about this very sleazy use of his money.
I promise you it’s bitcoin
Meta is overpriced. Seth hinted already.
UK. Super inefficient, massive potential, really good price earnings on a historical basis right now
few are touching the UK... waiting til new leadership comes in
when are people starting to see ...that the older investors ... had the big run up of the population growth ....
soooo maybe you have to start looking at that metric ....and invest in countrys that are changing ... like India ... if they develop a bit more over the next 10 to 20years ... you would have wiched you held on some big names over there ... Demografics and know how... maybe they are the next China....who knows ...