Despite having access to an astounding number of great and detailed dharma books, I found that they left out lots of details that turned out to be very important. I learned the hard way that using conceptual frameworks that were too idealistic or that were not fully explained could be as bad as using none at all. Further, I found out that much of the theory about progress contained ideals and myths that simply did not hold up to reality testing, as much as I wanted them to.
--Daniel M. Ingram
MiB: Seth Klarman, The Baupost Group
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This week, I speak with Seth Klarman, CEO and portfolio manager
of The Baupost Group, a Boston-based investment manager with a
multi-strategy appro...
1 day ago

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