Seth Klarman: 'Little Evidence Of Thought' Behind Stock Market Rebound
Billionaire hedge fund value investor Seth Klarman is extremely skeptical of the stock market rebound off the March lows.
In his recent second-quarter letter to investors Klarman, who manages the $30 billion hedge fund Baupost, said a combination of faulty investor psychology and an enabling Federal Reserve are driving stock prices higher while the real economy sputters.
