Who Made The Most Money in 2017?
Big tech, luxury goods, and real estate investors earned the most money in 2017, with e-commerce and social media CEO’s dominating both Forbes and Bloomberg lists of top-earners. While American tech investors’ wealth continued to soar, Chinese investors and European luxury brands proved they could earn more than some of the world’s long-standing richest men. Amazon…
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More