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Seth Klarman's Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

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Seth Klarman is the President of the Baupost Group, a Boston area investment firm.  His 1991 book, Seth Klarman's Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor has taken on iconic status among value investors often selling for $700 for a used copy (ironic isn't it).  It is available at some libraries, but unfortunately it has been misplaced at many libraries.

Ronald Redfield has prepared notes on the book and kindly posted them at fool.com.  As he notes, "This book alone will not turn anyone into a successful value investor. Value investing requires a great deal of hard work, unusually strict discipline and a long-term investment horizon."  The article is worth a read and if you can find the book it is definitely worth the read. 

 

 

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Warren Buffett



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