“The Trump tax cuts could drive government deficits considerably higher,” Mr. Klarman wrote. I choose upstander.”From the letter, it is hard to divine exactly how Mr. Klarman is investing his fund’s money. George Soros, who also actively campaigned against Mr. Trump, bet — wrongly so far — that the stock market would fall; he lost about $1 billion. “With any asset class, when substantial new money flows in, the returns go down,” Mr. Klarman wrote. activity is that it will tend to ‘lock in’ today’s relative valuations between securities,” Mr. Klarman wrote.

Source: New York Times February 07, 2017 01:18 UTC