Seth Klarman Quotes:
Ocupation: Author
Life: b. May 21, 1957
Birthday: May 21
Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them.
source: "The 20 Forgotten Lessons Of 2008". Seth Klarman's annual letter, www.businessinsider.com. April 28, 2010. 
topic: Agency, Hazards, Moral Hazard
