"HARD WORK, UNUSUALLY STRICT DISCIPLINE, AND A LONG-TERM INVESTMENT HORIZON": FIRST EDITION OF MARGIN OF SAFETY; INSCRIBED BY SETH KLARMAN
The Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.
Klarman, Seth A.$6,800.00
Item Number: 4112
New York: Harper Collins Business, 1991.
First edition of this now classic book of value investing. Octavo, original half cloth. Inscribed by the author on the front free endpaper, “___ __, I hope you find this of interest. Best of luck for the rest of 1992 and beyond. Truly, Seth.” Housed in a custom half morocco clamshell box. Fine in a fine dust jacket.
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.