Billionaire Seth Klarman blames low rates and 'capitalist excess' for his fund's languishing returns — and says we've seen only the 'tip of the overvaluation iceberg'

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The Boston-based fund, which manages about $30 billion, posted high-single-digit gains for 2019 in a year when the stock market surged by 30%.
January 24, 2020   |   View Online »
 
Billionaire Seth Klarman blames low rates and 'capitalist excess' for his fund's languishing returns — and says we've seen only the 'tip of the overvaluation iceberg'

Billionaire Seth Klarman blames low rates and 'capitalist excess' for his fund's languishing returns — and says we've seen only the 'tip of the overvaluation iceberg'

Bradley Saacks | The Boston-based fund, which manages about $30 billion, posted high-single-digit gains for 2019 in a year when the stock market surged by 30%.

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SoFi dumps Visa and makes Mastercard its exclusive partner as it gears up to add a credit card alongside its debit card

SoFi dumps Visa and makes Mastercard its exclusive partner as it gears up to add a credit card alongside its debit card

Shannen Balogh | The SoftBank-backed startup has a debit card on the market, which runs on Visa rails, according to its website. Mastercard will now be the exclusive card issuer for SoFi.

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The alt-data industry is having growing pains after its sudden glow up — and insiders are looking at new pricing models and unlikely customers

The alt-data industry is having growing pains after its sudden glow up — and insiders are looking at new pricing models and unlikely customers

Bradley Saacks,Dan DeFrancesco | Alt data has been forced to grow up quickly: investors poured in, data powerhouses have carved out their space, and promising companies have flopped.

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An ex-Googler who thinks big tech companies have acted unethically for years thinks Facebook has become a 'Frankenstein' that needs to be slain to save society

An ex-Googler who thinks big tech companies have acted unethically for years thinks Facebook has become a 'Frankenstein' that needs to be slain to save society

Alyson Shontell,Avery Hartmans | Tristan Harris, an advocate for more ethical technology, called Facebook a monstrous evil duck during an interview at the World Economic Forum.

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Yum China CEO reveals why the company is tackling delivery in a completely different way from its rivals

Yum China CEO reveals why the company is tackling delivery in a completely different way from its rivals

Irene Jiang,Cadie Thompson | Yum China CEO Joey Wat told Business Insider why the brand refuses to outsource its delivery business to third parties.

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Elon Musk is working on SpaceX's Mars rocket ship in Texas while other top executives flock to Davos. A local thinks the CEO is using an historic home as a crash pad — take a look inside.

Elon Musk is working on SpaceX's Mars rocket ship in Texas while other top executives flock to Davos. A local thinks the CEO is using an historic home as a crash pad — take a look inside.

Dave Mosher | The SpaceX founder is pushing workers to develop a revolutionary rocket launch system at a breakneck pace in a hamlet called Boca Chica, Texas.

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Merrill Lynch is about to launch a new training program for 6,500 client associates — and it shows how the role of full-fledged financial adviser is quickly evolving

Merrill Lynch is about to launch a new training program for 6,500 client associates — and it shows how the role of full-fledged financial adviser is quickly evolving

Rebecca Ungarino | The new Merrill Lynch client associate training underscores different career paths opening up in wealth management as the role of adviser changes.

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Here's the pitch deck that email startup Front used to get get top tech execs like Zoom CEO Eric Yuan to invest in its $59 million Series C round

Here's the pitch deck that email startup Front used to get get top tech execs like Zoom CEO Eric Yuan to invest in its $59 million Series C round

Paayal Zaveri | Front, with a goal of reinventing email, raised $59 million in a round that included capital from software executives at Zoom, Atlasssian and Okta.

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How a pair of 30-year-old video producers turned TikTok from a side gig to their main job

How a pair of 30-year-old video producers turned TikTok from a side gig to their main job

Dan Whateley | TikTok's biggest stars tend to be in Generation Z. But as the app gains popularity in the US, other generations are cashing in on sponsored content.

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3 common money mistakes you might be making if you're earning a 6-figure salary and still feel broke, according to experts who work with 'Henrys'

3 common money mistakes you might be making if you're earning a 6-figure salary and still feel broke, according to experts who work with 'Henrys'

Hillary Hoffower | Henrys typically earn over $100,000, are in their 30s, and struggle to build wealth. Sound like you? You might be making these money mistakes.

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