Like many of the investing greats, Seth Klarman takes a value approach, in which he tries to find stocks and other assets trading below their intrinsic value and buy them at a discount. Klarman is a firm believer in the lessons taught by Benjamin Graham, who is widely considered the father of value investing.Klarman's fund, the Baupost Group, has done quite well, generating annual returns of 20% over the last three decades, according to institutional-investor intelligence service Hedge Fund Alpha. Forbes es ...