They told each other that if any of them wound up with the capital to buy Thoroughbreds, they would do that. He was 12 when he visited Saratoga Race Course for the first time, and he subsequently went back with friends many times. Lawrence, who is on the Board of Overseers for the Wharton School of Business, was born in North Dakota, but his family moved to Albany, N.Y., when he was young and his family enjoyed going to Saratoga. His philanthropic endeavors are legendary. In 2008, he was inducted into the International Investors Alpha’s Hedge Fund Manager Hall of Fame. When he graduated in 1982, he co-founded the Baupost Group. He worked for the Mutual Share Fund, where he had interned in the summer of his junior year, for a year and a half before going to business school at Harvard, where he was a Baker Scholar. He graduated magna cum laude in economics with a minor in history in 1979. He intended to major in mathematics when he enrolled at Cornell University, but switched to economics. By the age of 12, he was calling his broker regularly to get stock quotes. ![]() The stock split three-for-one, allowing Klarman to triple his investment. He bought his first stock at the age of 10, purchasing one share of Johnson & Johnson because he had gone through a lot of band-aids growing up. To supplement his personal income, he had a paper route, a snow cone stand, a snow shoveling business and sold stamp and coin collections. In the fifth grade, he gave his class a presentation about buying a stock. When he was four, he redecorated his room as a retail store, putting price tags on all his possessions. Klarman’s precociousness in business was absolutely extraordinary. Lawrence, the CEO and chief investment officer of Meridian Capital Partners in Albany, N.Y. Klarman held on to the stable name and found a new partner in 2006 in William H. In Thoroughbred racing, a natural fit for him growing up three blocks from Pimlico Race Course in Baltimore, he’s put up great numbers since becoming an owner in 1993, first in partnership with Jeff Ravich as Klaravich Stables before Ravich opened his own stable on the West Coast. He also, as a minority owner of the Boston Red Sox, knows all of baseball’s analytics. 9.Seth Klarman’s whole life has revolved around numbers, usually business numbers as a financial boy genius who became a self-made billionaire as CEO and president and portfolio manager of the Boston-based Baupost Group, a private investment partnership he founded in 1982. His only loss was a runner-up finish in the Grade III Virginia Derby on Sept. Program Trading has won three of four starts. Mark Casse’s Webslinger, who’ll be ridden by Gaffalione, is the 3-1 second choice. Brown will also send out Redistricting, with Rosario aboard.
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