learning from Seth Klarman

Here are some learnings from Seth Klarman

• 01/24/2019 – Billionaire Seth Klarman’s Y2018 annual letter to investors (24Jan_2019_letter_Klarman)

1. Billionaire Seth Klarman’s annual letter to investors said that the spike in sovereign debt levels in countries like the United States, France, Canada, Italy and others “may well be” the seeds of the next financial crisis.
2. Klarman blamed technology, President Donald Trump and the “modern-day media and the internet” for the “growing divide” in the US.
3. Klarman’s roughly $32 billion hedge fund “returned between roughly breakeven and a decline of less than one percent for the year,” the letter said.