"If the economy is so fragile that the government cannot allow failure, then we are indeed close to collapse. For if you must rescue everything, then ultimately you will be able to rescue nothing." So, stated Seth Klarman. Who is Mr. Klarman. He is an American billionaire who founded the Baupost Group, a
Boston-based private investment partnership and the author of Margin
of Safety: Risk-Averse Value Investing Strategies for the Thoughtful
Investor.
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