Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.

"HARD WORK, UNUSUALLY STRICT DISCIPLINE, AND A LONG-TERM INVESTMENT HORIZON": FIRST EDITION OF MARGIN OF SAFETY; INSCRIBED BY SETH KLARMAN

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.

KLARMAN, Seth A.

Item Number: 87954

New York: Harper Collins Business, 1991.

First edition of this now classic book of value investing. Octavo, original half cloth. Presentation copy, inscribed by the author on the front free endpaper, “To Darrel Krasnoff, A “thoughtful investor.” Seth Klarman.” Housed in a custom half morocco clamshell box made by the Harcourt Bindery. Fine in a fine dust jacket. Jacket design by Barry Littmann. Photograph by Mark Morelli.

The Margin of Safety explains the philosophy of value investing, and perhaps more importantly, the logic behind it, demonstrating why it succeeds while other approaches fail. The blueprint that Klarman offers, if carefully followed, offers the investor the strong possibility of investment success with limited risk.

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