Chilling Davos: A Bleak Warning on Global Division and Debt

DAVOS, Switzerland — As business and political leaders arrive in the Swiss Alps for the annual meeting of the World Economic Forum, a surprisingly alarming letter from an influential investor who studiously eschews attention has already emerged as a talking point.

The letter, written by Seth A. Klarman, a billionaire investor known for his sober and meticulous analysis of the investing world, is a huge red flag about global social tensions, rising debt levels and receding American leadership.

Mr. Klarman, a 61-year-old value investor, runs Baupost Group, which manages about $27 billion.

https://www.nytimes.com/2019/01/22/business/dealbook/world-economic-forum-klarman.html