During his fireside chat at the Harvard Investment Conference on April 15, 2024, Seth Klarman shared his insights and strategies for investing in the post-COVID era.
Also see: Seth Klarman Defends Baupost’s Long-Term Strategy at Harvard Investment Conference
Klarman began by analyzing the impact of the post-COVID environment on the market. High interest rates have put significant strain on numerous private equity firms. Additionally, public companies with floating-rate debt have reported decreased profit margins.
We are currently observing both large and small companies struggling to refinance their debts. Simultaneously, governments are grappling with the