Monday, May 24, 2010

Seth Klarman - Legendary Investor

"The government is now in the business of giving bad advice". "by holding interest rates art zero, the government is basically tricking the population into going long on just about every kind of security except cash, at the price of almost certainly not getting an adquate return for the risks they are running. People can't stand earning 0% on their money, so the government is forcing everyone in the investing public to speculate."

Taken from the Wall Street Journal, May 22, 2010

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