A few weeks ago, I wrote an article covering Seth Klarman's 2010 annual letter to his investors of the Baupost hedge fund.
Q4 2019 hedge fund letters, conferences and more
In his letter, the value investor outlined the 20 lessons he took away from the 2008 financial crisis.
Klarman also outlined 10 other lessons, which he called "False Lessons" of the crisis.
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The value manager explained that he believed investors had learned these "False Lessons" rather than the 20 lessons "we believe could and should have been...
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