http://online.wsj.com/article/SB10001424052748704167704575258442772338282.html?mod=loomia&loomia_si=t0:a16:g2:r3:c0.050819:b34254968?partner=yahoofinance
Best quote from the article: You could have heard a pin drop as Mr. Klarman proclaimed, "I am more worried about the world, more broadly, than I ever have been in my career." That's because you can make good investing decisions and still end up with bad results if you reap your profits in currencies that do not hold their purchasing power, he explained.
"Will money be worth anything," asked Mr. Klarman, "if governments keep intervening anytime there's a crisis to prop things up?"
Tuesday, May 25, 2010
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