Leave your feedback Share Copy URL https://eevb.net/video/y5BeK8ratx8.html Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Seth Klarman: This Is A Bubble | The Legendary Investors Brutal AI Warning Motorcycle On Traffic Light [JeUersnaNt7] Health Updated on August 05, 2026 EDT — Published on August 05, 2026 EDT Tag: #Motorcycle On Traffic Light, #dave coulier, #christian scaroni, #gordon ramsay44 years in the business. Only 5 down years. Seth Klarman has built one of the most respected track records in investing, and he thinks today's market has characteristics of a bubble.Recorded live at Global Alts New York, Baupost Group CEO and Portfolio Manager Seth Klarman sits down with CNBC Anchor Sara Eisen for a wide-ranging conversation on the AI bubble debate, value investing in a 40x multiple market, AI agnostic plays, commercial real estate, the return of distress, the credit cycle, US debt at 100% of GDP, and why the risk free asset is starting to look risky.Klarman, who has been with Baupost since its founding in 1982 with $27 million in assets and grew it into one of the most influential value shops in the industry, explains why downside protection matters more than upside, why melting ice cubes are melting faster than ever, and why he is spending most of his time on the AI agnostic part of the market that nobody else wants to own. He also breaks down where Baupost is finding opportunity right now: assisted living real estate, software credits that are getting clobbered, and idiosyncratic distress in Brazil and post LBO exchange offers.KEY TAKEAWAYS: Today's market shows bubble characteristics even if AI is real, because uncertainty argues for a lower multiple and the multiple keeps going up Value is not paint-by-numbers low multiples, it is a view on what a business is worth, and melting ice cubes are melting faster than ever Assisted living real estate is Baupost's favorite single idea right now, with the post-Covid distress still working through Distress is showing up again in private credit, Brazilian restructurings, and post LBO exchange offers US debt hit 100 percent of GDP and the risk free asset is starting to look riskier every day A prolonged Strait of Hormuz closure could push oil well above 150 AI is deflationary long term but inflationary short term, driven by land, equipment, and electrician demandCHAPTERS:0:00 "I think it has characteristics of a bubble"0:27 44 years, 5 down years: how Baupost actually operates1:13 Family office DNA: downside before upside, cash when nothing to buy2:42 Value investing when AI is the only trade4:34 Hunting AI agnostic names and perceived AI losers6:18 Amazon, Google, conor mcgregor and the 10% of the book exposed to AI7:56 Buying raw land as optionality on future data center sites9:12 The non-China Asia data center deal9:35 Why Baupost is uninvolved in OpenAI and Anthropic10:31 What AI agnostic actually means12:01 The return of distress and the real estate setup13:18 Idiosyncratic distress: Brazil and post LBO exchanges14:31 Where we are in the credit cycle15:18 Inflationary short term, deflationary long term: the buildout16:09 The unappreciated political risk in AI infrastructure16:44 US debt at 100% of GDP and the risk free asset gets riskier22:46 The Fed under Kevin Warsh and the path for rates24:22 Klarman's single best idea: assisted living24:44 The one that got away: the Palantir venture round25:55 How rudy gobert Baupost actually finds and researches ideas26:58 Who Klarman reads, listens to, and respects28:13 44 more years? Klarman on succession and stepping aside SPEAKERS:Seth Klarman, CEO and Portfolio Manager, The Baupost GroupModerator: Sara Eisen, burrasca Anchor, CNBCRecorded live at Global Alts New York.Global Alts New York brings together institutional allocators, fund managers, founders, and industry leaders to explore the trends shaping artificial intelligence, technology, private markets, alternative investments, venture capital, hedge funds, and global capital markets.Subscribe to the iConnections channel for more conversations with the world's most influential investors, founders, and allocators, recorded live from Global Alts Miami, Global Alts New York, Global Alts Asia, and Global Alts Europe.#SethKlarman #Baupost #ValueInvestingDiscover iConnections Today:Learn more about our platform: Stay connected through our social channels:LinkedIn: Twitter: Instagram:
Tag: #Motorcycle On Traffic Light, #dave coulier, #christian scaroni, #gordon ramsay44 years in the business. Only 5 down years. Seth Klarman has built one of the most respected track records in investing, and he thinks today's market has characteristics of a bubble.Recorded live at Global Alts New York, Baupost Group CEO and Portfolio Manager Seth Klarman sits down with CNBC Anchor Sara Eisen for a wide-ranging conversation on the AI bubble debate, value investing in a 40x multiple market, AI agnostic plays, commercial real estate, the return of distress, the credit cycle, US debt at 100% of GDP, and why the risk free asset is starting to look risky.Klarman, who has been with Baupost since its founding in 1982 with $27 million in assets and grew it into one of the most influential value shops in the industry, explains why downside protection matters more than upside, why melting ice cubes are melting faster than ever, and why he is spending most of his time on the AI agnostic part of the market that nobody else wants to own. He also breaks down where Baupost is finding opportunity right now: assisted living real estate, software credits that are getting clobbered, and idiosyncratic distress in Brazil and post LBO exchange offers.KEY TAKEAWAYS: Today's market shows bubble characteristics even if AI is real, because uncertainty argues for a lower multiple and the multiple keeps going up Value is not paint-by-numbers low multiples, it is a view on what a business is worth, and melting ice cubes are melting faster than ever Assisted living real estate is Baupost's favorite single idea right now, with the post-Covid distress still working through Distress is showing up again in private credit, Brazilian restructurings, and post LBO exchange offers US debt hit 100 percent of GDP and the risk free asset is starting to look riskier every day A prolonged Strait of Hormuz closure could push oil well above 150 AI is deflationary long term but inflationary short term, driven by land, equipment, and electrician demandCHAPTERS:0:00 "I think it has characteristics of a bubble"0:27 44 years, 5 down years: how Baupost actually operates1:13 Family office DNA: downside before upside, cash when nothing to buy2:42 Value investing when AI is the only trade4:34 Hunting AI agnostic names and perceived AI losers6:18 Amazon, Google, conor mcgregor and the 10% of the book exposed to AI7:56 Buying raw land as optionality on future data center sites9:12 The non-China Asia data center deal9:35 Why Baupost is uninvolved in OpenAI and Anthropic10:31 What AI agnostic actually means12:01 The return of distress and the real estate setup13:18 Idiosyncratic distress: Brazil and post LBO exchanges14:31 Where we are in the credit cycle15:18 Inflationary short term, deflationary long term: the buildout16:09 The unappreciated political risk in AI infrastructure16:44 US debt at 100% of GDP and the risk free asset gets riskier22:46 The Fed under Kevin Warsh and the path for rates24:22 Klarman's single best idea: assisted living24:44 The one that got away: the Palantir venture round25:55 How rudy gobert Baupost actually finds and researches ideas26:58 Who Klarman reads, listens to, and respects28:13 44 more years? Klarman on succession and stepping aside SPEAKERS:Seth Klarman, CEO and Portfolio Manager, The Baupost GroupModerator: Sara Eisen, burrasca Anchor, CNBCRecorded live at Global Alts New York.Global Alts New York brings together institutional allocators, fund managers, founders, and industry leaders to explore the trends shaping artificial intelligence, technology, private markets, alternative investments, venture capital, hedge funds, and global capital markets.Subscribe to the iConnections channel for more conversations with the world's most influential investors, founders, and allocators, recorded live from Global Alts Miami, Global Alts New York, Global Alts Asia, and Global Alts Europe.#SethKlarman #Baupost #ValueInvestingDiscover iConnections Today:Learn more about our platform: Stay connected through our social channels:LinkedIn: Twitter: Instagram: