Seth Klarman, is the president of Boston hedge fund the Baupost Group. He's known as one of the savviest value investors around, having earned a 26% average annual return over the last 26 years. In fact, he was asked to write the foreword to the latest edition of Graham and Dodd's classic "Value Investing."
Here's an interview he gave to the Harvard Business School Bulletin back in December. In it, he talks about why he's a value investor, target returns (he doesn't believe in them), the credit crisis, and much more.
Read it here