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The Value of a Value Investor
Seth Klarman: I think Bill over probably six years, seven years, average, realized 50 baggers and approximately on Dell and AOL. How does he justify or how is his process? He saw the fact that this thing's going to keep growing; intrinsic value is going to grow along with it. What is it about that and that process that separates him from other value investors? Well, you know, I've long said that Bill's actually a better growth investor than a value investor.