In 2017 Letter, Seth Klarman Worries About Radicalization Of Youth

There is a battle going on right now, and most people have no clue about it. The battle is for the soul of democracy. This battle, oddly, isn’t about odorous red or blue state idea superiority. What’s at stake are core values such as the independent enforcement of the rule of law, freedom of the press, an independent judiciary along with clear and concise regulations that are understood by market participants. The Baupost Group’s Seth Klarman, a man under attack recently, sees this fight for what it is. But he has a crucial question about the millennial generation and their appreciation for historical norms of a democratic society. He isn’t alone in expressing concerns in his annual letter...