At the root of all financial bubbles is a good idea carried to excess.
Investors
Seth Klarman
Born in 1957 in New York, Seth Klarman founded the Baupost Group in 1982 with 27 million dollars in seed capital and has compounded it at roughly 20% annually ever since. He carries forward Benjamin Graham's margin-of-safety concept into the modern era; his book Margin of Safety became an investing classic that commands over a thousand dollars on the secondhand market. He is known as 'the Oracle of Boston.'
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Seth Klarman's Other Quotes
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