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  • SumZero Takes on Seth Klarman (Baupost Group)

    Published: January 09, 2014

    Baupost's strategy is denoted by extreme concentration in the firm's long-only, public equity fund (which tends to constitute between 5-15% of the total value of the firm--the balance is in real estate, bonds, cash, hedges, etc.). By September of 2013, the firm’s top three equity holdings made up...

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  • Oracle Is Misunderstood and Fully Mispriced

    Published: October 04, 2013

    Oracle is a great company at a great price. As management continues to return their $14bn in free cash flow to shareholders in the coming years the stock should re-rate materially higher. Attached is a write-up that is intended as a high-level overview of the company and discussion of why the sto...

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