The Market Folly Quote of the Week is back in full force. Last week's quotation came from the Oracle of Omaha himself, Warren Buffett. So it's only fitting that our second quote comes from arguably Buffett's biggest competition in the 'best investor ever' category: Seth Klarman of Baupost Group.
~ Seth Klarman
For more from Baupost Group's manager, check out Seth Klarman's recommended reading list as well as an in-depth profile of Klarman.