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Value legend Klarman: Stocks could suffer "another lost decade without any gains"
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Wednesday, May 19, 2010
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From Zero Hedge:

Seth Klarman was speaking at the CFA Institute earlier, and in typical fashion cut to the chase: in summarizing the current market, the Baupost founder said he "sees few bargains in the current environment and predicted on Tuesday that the stock market could suffer another lost decade without any gains."

And the punchline: his description of market conditions which he compared to "a Hostess Twinkie snack cake because everything is being manipulated by the government and appears artificial." Such facility with words, there is a reason the man runs a $22 billion fund and...

Read full article...

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Topics: Seth_Klarman | Value_Investing | Stocks
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