Baupost Year-End Letter Cliffs Notes: Klarman Channels Dalio, Interior Decorating, Hot Nerd BurnsBy
Earlier this week, Andrew Ross Sorkin offered us a peek at what Baupost Group chief Seth Klarman is thinking these days. In short, he’s thinking that President Trump is going to be a disaster, that his fellow investors are burying their heads in the sand about this, and that passive investing is just the latest thing to prove efficient markets theory will never be borne out by inefficient realities.
Oh, but there’s more. So much more. Nineteen long, dense pages of it, in which Seth Explains It All. Without further ado, a taste:
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