Seth Klarman’s YE2018 Letter: Review of 2018 & Portfolio Management for 2019

Returned roughly breakeven for the year ended 12/31/18 2018 in Review Major US stock market indices steadily gained ground for the first 3 quarters before plunging in a highly volatile 4th quarter Generally rising share prices moved in tandem with higher corporate earnings, the result of massive fiscal stimulus, large corporate tax cuts, and historically […]

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