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Baupost’s Seth Klarman, one of Wall Street’s most respected investors, says investors are asking “Why sell?” when really they should be asking “How can I afford not to?” He made the comments in a private letter to clients as the stock market continues to rage on to historic highs. Baupost is holding roughly 40% […]
Getty Images/ Kevork Djansezian An iconic hedge fund manager says investors are misperceiving risks in the markets – at a time when markets are hitting historic highs. Baupost Group’s Seth Klarman laid out his concerns in an April client letter, a copy of which was reviewed by Business Insider. Risk, Klarman wrote, is the most important […]
