Is contrary-to-the-contrarian Klarman taking a wiser, more conservative approach to the markets than perma-bull Buffett? Time will tell best of all. In the meantime, Baupost does not mind missing out on short-term gains and perhaps a tarnish on its image while the market at large rallies like a high school cheer squad.
A penny for your thoughts?
As always, long-term success in the markets will be a direct result of smart stock picking. The presence of some troubling macro elements doesn’t mean that certain stocks won’t flourish in the coming months and years. This is the Buffett approach: Choose good companies and try to relax.
Where do you lie on the megainvestor philosophical opinion scale? Remain confident that a good stock pick today will endure a macroeconomic shift, or wait until the other shoe falls off, and then back up the truck? Sound off in the comments below.
The article Does Buffett See the Markets Through Rose-Colored Glasses? originally appeared on Fool.com.
Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Berkshire Hathaway.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.