How Should We Then Invest? - Maudlin

https://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/TFTF_Jan_25_2019.pdf





Seth Klarman, of Baupost Group



The divide between Americans has been exacerbated by the echo chambers of modern-day media and the internet. Many have written of how, in only about four decades, an America of three broadcast networks has become an America of hundreds of cable channels. A few decades ago, we had less connectivity but more connection. David Brooks and others write regularly about the challenges of increased loneliness and isolation. A person today can have a thousand Facebook friends—and few, if any, actual friends."



https://www.nytimes.com/2019/01/22/business/dealbook/world-economic-forum-klarman.html



The circulation of a letter from the investor Seth A. Klarman is likely to add to the typical hand-wringing at the World Economic Forum in Davos, Switzerland. The letter says mounting debt since the financial crisis could lead to a panic.