Finally, A Fresh Start For Detroit

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Finally, A Fresh Start For Detroit

Detroit may soon be out of the woods: The troubled city is expected to exit bankruptcy on Wednesday. Michigan Gov. Rick Synder approved the move to end the city’s emergency status, following the receipt of a letter of resignation from Emergency Manager Kevyn Orr. In his letter, Orr recommended that the state end its receivership on…

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Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

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