Another pearl from Seth Klarman

“Today, with Wall Street largely recovered from its March 2020 sell off while Main Street has barely lifted off bottom, a pernicious and crushing inequality could not be more evident.

It’s untoward that, once again, Wall Street has been effectively bailed out while programs designed to assist Main Street have been ill-designed, slow to be implemented, and inadequate to address the pandemic’s lasting impact.”

– Seth Klarman, July 23, 2020