Margin of Safety

Risk-Averse Value Investing Strategies for the Thoughtful Investor

1991

Framework

by

Seth A. Klarman

1991

A framework book on value investing by Baupost Group cofounder Seth Klarman. It explains how disciplined investors can generate strong returns while minimizing the risk of permanent capital loss, with the core principle being to demand a margin of safety — valuing assets independently and only buying when prices fall well below that value.

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Jermaine's Notes

June 2023

Highly sought-after. Hard to find for reasonable price. Read 1991 hardcover.

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