Seth Klarman's these stock picks average a monthly return of 1.84% between 1999 and 2007, vs. 0.33% monthly gain for the S&P 500 TR Index. No wonder Seth Klarman built such an amazing reputation. I'd pay $1600 for his book if it's going to help me achieve these types of return.
Unfortunately these stocks returned only 0.62% per month between 2008 and 2017, vs. S&P 500 Total Return Index's 0.78% gain. More importantly, Klarman’s non-micro-cap stock picks performed much worse in recent years. These stocks returned only 0.13% per month between 2014 and 2017, vs. 0.98% per month for the S&P 500 Total Return Index.