Monday, May 31, 2010

Klarman: Getting "Value Out Of This Crisis"

From a recent Wall Street Journal article by Jason Zweig on Seth Klarman:

"We didn't get the value out of this crisis that we should have," Mr. Klarman told the audience. "For our parents or grandparents, it was awful to have had a Great Depression. But it was in some ways helpful to carry a Depression mentality throughout their later lives, because it meant they were thrifty with their money and prudent in their investment decisions." He added: "All we got out of this crisis was a Really Bad Couple of Weeks mentality."

Check out the full article.

Adam

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