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Seth Klarman Q211 Shareholder letter


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Why are these letters so hard to come by? A bunch of managers are published, but the one most of us (I'm assuming that!) would like to read is unavailable.



A lot of the best managers who have funds closed to new investors will kick you out of their Fund as an LP if you are found to have distributed the letters.


A lot of the letters you find on the internet not coincidentally are out in the public domain because those funds are seeking to attract more capital...






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