An early investment mistake: Klarman held a dividend-arrears closed-end fund that announced it would clean up arrears and pay a large dividend, causing the stock to rise to full value; he sold it, but then realized he was two weeks away from long-term capital gains treatment, creating a large tax bill.

factualpending

Speaker

Seth Klarman

Evidence Quote

I sold it and then I realized I was two weeks away from going long term so giant mistake just from sloppiness

Source

Seth Klarman – Timeless Value Investing (EP.328)Capital Allocators with Ted Seides
Created: 8/12/2026, 5:57:12 PM

My Notes

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