New York
HE IS the most successful and influential investor you have probably never heard of. His writings are so coveted and followed by Wall Street that a used copy of a book that he wrote several decades ago about investing starts at US$795 on Amazon, and a new copy sells for as much as US$3,500.
Perhaps that is why a private letter that he wrote to his investors a little over two weeks ago about investing during the age of US President Donald Trump - and offering his thoughts on the current state of the hedge fund industry - has quietly become the most sought-after reading material on Wall Street.
He is Seth Klarman, the 59-year-old value investor who runs Baupost Group, which manages some US$30...
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