Seth Klarman 2018 Letter: Balancing Risk Aversion With Risk-Taking
According to Seth Klarman’s 2018 letter to investors (stay tuned for more coverage), despite the “treacherous” market environment of 2018, his hedge fund, the Boston-based Baupost, “successfully protected” investors’ capital, a result that is undoubtedly a determination of the firm’s desire to limit risk above all else.