A Quiet Giant of Investing Weighs In on Trump


Seth A. Klarman appears to fear that investors, charmed by talk of pro-growth policies, are not considering the full ramifications. CreditScott Olson/Getty Images

He is the most successful and influential investor you have probably never heard of. His writings are so coveted and followed by Wall Street that a used copy of a book he wrote several decades ago about investing starts at $795 on Amazon, and a new copy sells for as much as $3,500.

Perhaps that’s why a private letter he wrote to his investors a little over two weeks ago about investing during the age of President Trump — and offering his thoughts on the current state of the hedge fund industry — has quietly become the most sought-after reading material on Wall Street…

A Quiet Giant of Investing Weighs In on Trump

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