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Seth Klarman Named Investment Guru of the Year 2011

December 30, 2011

Renowned hedge fund manager Seth Klarman was named the Investment Guru of the Year 2011 by GuruFocus readers. He got 38.2% of the total votes casted.

Since 2005, GuruFocus.com names its Investment Guru of the Year every year. The process involves two steps. In the first step GuruFocus.com asks users to nominate their choices of Investment Guru of the Year. The top 5-6 nominees will be put into a poll, and GuruFocus users will be able to vote for their Investment Guru of the year. The Guru who gets the most of the vote will be named Investment Guru of the Year.

Investment Guru of the Year 2010: David Tepper

Investment Guru of the Year 2009: Bruce Berkowitz

Investment Guru of the Year 2008: PremWatsa

Investment Guru of the Year 2007: KenHeebner

Investment Guru of the Year 2006: WarrenBuffett

Investment Guru of the Year 2005: DavidDreman

Long term value investor Don Yacktman has been nominated again for the candidacy. He got 19% of the votes. His mutual fund has delivered steady outstanding performances to shareholders.

Hedge fund manager Kyle Bass got 17% of the votes.

These are the detailed results:


Congratulations, Mr. Klarman!

About the author:

Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

Rating: 2.3/5 (13 votes)


AlbertaSunwapta - 5 years ago    Report SPAM
Above it says: " Total votes 356. You have already voted! "

Interesting. I don't recall voting.
Jk815 - 5 years ago    Report SPAM
what was his %return for the year?
Alex Garcia
Alex Garcia - 5 years ago    Report SPAM
Sequoia should have at least been on the ballot IMO


Wood.584 - 5 years ago    Report SPAM
Seth is great investor, no doubt, but what was so special about what he did in 2012?
Aintpopularbut - 5 years ago    Report SPAM
Should have been Paulson. Who else could get paid hundreds of millions while losing. 2 and 20 forever!
Adib Motiwala
Adib Motiwala - 5 years ago    Report SPAM
I am confused here. Are these the nominations for the final polling as indicated by the article ? The title indicates its the final result.
tess mansfield
Tess mansfield - 5 years ago    Report SPAM

Seth Klarman has a far different reputation in Canada. Mr. Klarman and the Baupost Group are backing a controversial mega quarry that would destroy thousands of acres of prime farmland and blow up an aquifer providing water for up to one million people. His representatives misled farmers into parting with their land -- one posed as a Frito-Lay specialist -- and misled the public about their true intentions. They insisted they were in Ontario to grow potatoes. It turns out they wanted a giant limestone aggregate quarry, the second-largest in North America. 2011 was a rough year for Mr. Klarman and Baupost up here. Bad press, an unprecedented Environmental Assessment and a demonstration by 28,000 people in a farmer's field in October. I hope GuruFocus will turn some attention to what Mr. Klarman and the Baupost Group are doing with their investors money north of the border. It's one helluva story.
NoMegaQuarry - 5 years ago    Report SPAM
Seth Klarman has the ability to make money. He seems to have a knack for finding value beyond the obvious. However, over the past 5 years he has associated Baupost investors with Bixby Ranch in California and a proposed mega-quarry in Canada, which have led to a questioning of ethics and loss of credibility. If Seth's companies have to lie, cheat and cover-up activities in communities then there is not much to admire. Any crook can make money that way.

GurusDontStealWater - 5 years ago    Report SPAM
Mr. Klarman and his Baupost associates don't have that great of a reputation in Ontario, where their activities are raising a lot of questions about ethical and sustainable practices. Perhaps Guru should do a story on this.
Loganberry3 - 5 years ago    Report SPAM

Investment guru of the year? For those of us in Ontario, desperately trying to stop Highland/Baupost's proposal for a mega quarry which will destroy prime farmland, pollute our air, clog our roads with thousands of gravel trucks, and threaten the water that is used by over a million citizens, Mr. Klarman is NOT a man to be celebrated. If greed and the need to extract profits at ANY costs to communities and the environment is all that matters, well then, I guess Seth's your man. Just don't try to sell it to us in Canada.......
Hpbranch - 5 years ago    Report SPAM
The mega quarry Seth Klarman wants huge profits from in Ontario could turn into a disaster on the scale of Three Mile Island because of the risk of huge and irreversible contamination of the water for a million plus Canadians. Greed, deception, faked/false environmental data, and basically saying "the heck with the children who follow us and inherit the mess we'll leave" is not an investment strategy I would recommend to anyone. I gather his California project involves deception, too, and the deliberate hiding of environmental damage.
Harvard Alum
Harvard Alum - 5 years ago    Report SPAM
In the profile of Seth Klarman in the September 2011 issue of the Harvard Business School Bulletin, he identifies his responsibility, as the President of The Baupost Group, to leave the world better than you found it. The Baupost Group is the primary financier for a 2316 acre application to develop a limestone mega quarry north of Toronto, Ontario. This enormous mega quarry would be the second largest in North America. It would put the headwaters of five major rivers and the drinking water of one million Canadians at risk. It would destroy thousands of acres of some of the best food growing land on the continent. The application has been objected to by every major environmental group in Canada. This is a far cry from “leaving the world better than you found it.”

Adamcz - 5 years ago    Report SPAM
It's an investing website. Go find an environmental website to post on.

Gurufocus, can you please ban Canada's IP address until these troll accounts stop?
Loganberry3 - 5 years ago    Report SPAM

Adamcz, there is a HUGE connection between investments, greed, and the destruction of our environments. The days of denying this are over, profit is NOT the bottom line anymore. Wake up. Tomorrow it will be YOUR landscape that will be destroyed for corporate gain. Explain THAT to your grandchildren when we're all eating imported food and the water in your wells is contaminated....
Loganberry3 - 5 years ago    Report SPAM
...and if you're unhappy with the Canadian "trolls", check-out what Baupost is doing at the Bixby Ranch in California....
Gpsir - 5 years ago    Report SPAM
May I know the basis of selecting Guru of the YEAR? Is it only through votes or other stringent process?

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