Seth Klarman And Goldman Sachs Worry About Trump

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“President Trump may be able to temporarily hold off the sweep of automation and globalization
by cajoling companies to keep jobs at home, but bolstering inefficient and uncompetitive
enterprises is likely to only temporarily stave off market forces,” he continued…

“While they might be popular, the reason the U.S. long ago abandoned protectionist trade policies
is because they not only don’t work, they actually leave society worse off.”

– Seth Klarman, The Baupost Group

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