"Patience And Capacity To Suffer - Lessons From A Legendary Value Investor"

[Guest hellsten]

A new article about Seth Klarman by Gurufocus "Patience And Capacity To Suffer - Lessons From A Legendary Value Investor"

http://www.gurufocus.com/news/231651/patience-and-capacity-to-suffer--lessons-from-a-legendary-value-investor

 

Question: Given the above returns, would you give your money to this fund manager?

 

I doubt many people will say yes. After all, this manager has seemingly vastly underperformed the market during this specific five-year period.

[valueorama]

Excellent read. Thanks for the link.

[serendibz]

This leads me to think how many years of performance data and magnitude of overperformance can we conclude that an investor will outperform in the future.