Seth Klarman Warns Trump’s “Erratic, Overconfidence” Could End Dollar Hegemony
by Tyler Durden
ZeroHedge.com
Feb 7, 2017
“Can we say when it will end? No. Can we say that it will end? Yes,” noted Baupost’s Seth Klarman in the past, warning “And when it ends and the trend reverses, here is what we can say for sure. Few will be ready. Few will be prepared.”
It appears that moment is nigh, as NYT Dealbook reports the 59-year-old value investing legend – who manages $30 billion – is following in the footsteps of Bridgewater’s Ray Dalio (who recently flip-flopped on Trumphoria), and Bill Gross, reinforcing a countervailing view to the euphoria that has buoyed the stock market since Mr. Trump took office, describing “perilously high valuations.”
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