Europe
Europe has 7% of the world's population, 25% of its output, and 50% of its social spending.
Seth Klarman, 2013 letter. He went on to say that "europe isn't fixed," which is looking fairly prescient in 2016.
Europe has 7% of the world's population, 25% of its output, and 50% of its social spending.
Seth Klarman, 2013 letter. He went on to say that "europe isn't fixed," which is looking fairly prescient in 2016.