Baupost Group Q3 Letter
Read the full article at: http://valueplays.blogspot.com/2008/11/baupost-group-q3-letter.html
Submitted by George on Thu, 2008-11-13 16:26.
(via valueplays.blogspot.com)
A sobering letter by Seth Klarman on the current financial crisis. Klarman is preparing for inflation. He's found opportunities in oil and gas pipeline partnerships associated with Lehman Brothers demise. He sees opportunities in corporate debt now and potentially commercial real estate in the near future.
