Wealthy Earned Enough to End Poverty in 2017

Report: Wealthy Earned Enough to End Poverty in 2017

Last year, the world’s billionaires made over $462 billion combined, enough money to end extreme poverty around the globe seven times over. With a new billionaire added to the list nearly every two days, wealth inequality widened, according to a new report from Oxfam. Forty-two of the richest people in the world now hold as much…

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"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