"I've tried hard to understand the arguments for crypto and figure out why people are so excited. I can't find value there."
That’s Seth Klarman, co-founder of Boston-based hedge-fund Baupost Group, one of the world’s largest hedge funds with nearly $30 billion under management, according to the latest Securities and Exchange Commission filings.
— Seth Klarman, co-founder of Boston-based hedge-fund Baupost Group That’s Seth Klarman, co-founder of Boston-based hedge-fund Baupost Group, one of the world’s largest hedge funds with nearly $30 billion under management, according to the latest Securities and Exchange Commission filings. “The book has some important reminders for people about the dangers of speculation and the importance of remembering what kind of environment you’re in,” he said.
“We’ve been in an everything bubble, I think. A lot of money has flowed into everything…and low interest rates have precipitated that,” Klarman said. “You’ve had speculation during that bubble in all kinds of things from crypto to meme stocks to SPACs.”
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