Baupost CEO Seth Klarman is no doubt an ardent capitalist, but the Covid-10 pandemic has led him to see capitalism’s failings all around us—and he thinks change is afoot.
“Sometimes, right before our eyes, a major sea-change occurs,” the billionaire hedge fund manager wrote investors in a lengthy second-quarter letter that talked not only about his holdings but his views of where our nation and economy are headed.
“We
