"HARD WORK, UNUSUALLY STRICT DISCIPLINE, AND A LONG-TERM INVESTMENT HORIZON": FIRST EDITION OF MARGIN OF SAFETY
The Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.
Klarman, Seth A.
Item Number: 4229
New York: Harper Collins Business, 1991.
First edition of this now classic book of value investing. Octavo, original half cloth. 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.