Via ValueWalk. The full text of this speech is apparently available somewhere, but I (unfortunately!) have yet to see a copy.
The legendary Seth Klarman spoke at a private meeting with business leaders in June in which he criticized not just the Federal Reserve, but all the ‘silly’ investors and the even sillier rating agencies. Klarman has been an outspoken critic of the Fed’s interventions and the consequent ebullience of the markets.