Is it time to prepare for another tech crash?
Seth Klarman is considered to be one of the best value investors alive today. Even though it’s impossible for most investors to benefit from his success as his hedge fund, Baupost has been closed to new funds for many years, during the nearly three decades that Baupost has been operating, Klarman has dished out hundreds of pages of wisdom via his yearly investment letters.
Not only are these letters full of nuggets of advice for value investors, but they also offer some insight into various market conditions. Indeed, when Klarman first started managing investors’ money, it was...
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