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Margin of Safety: Risk-averse Value Investing Strategies for the Thoughtful Investor is a 1991 book written by American investor Seth Klarman, manager of the Baupost Group hedge fund. The book discusses Klarman's views about value investing, temperance, valuation, portfolio management, among other topics.
Seth Andrew Klarman (born May 21, 1957) [1] [2] is an American billionaire investor, hedge fund manager, and author. He is a proponent of value investing . He is the chief executive and portfolio manager of the Baupost Group , a Boston -based private investment partnership he founded in 1982.
It is very rare to find an investing book that stands the test of time, and perhaps the rarest of the rare in that category is "Margin of Safety," written in 1991 by billionaire investor Seth ...
Margin of safety may refer to: Margin of safety (financial) in a financial context; Margin of safety (medicine) for pharmaceutical drugs; Margin of safety (accounting) in cost accounting; Margin of safety (engineering) in structural engineering; Margin of Safety, by Seth Klarman
LONDON -- Most investors who've heard of hedge fund manager Seth Klarman -- which isn't all that many, given his stellar track record -- know simply that second-hand copies of his book Margin of ...
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Seth Klarman, a Mutual Series alum, is the founder and president of The Baupost Group, a Boston-based private investment partnership, and author of Margin of Safety, Risk Averse Investing Strategies for the Thoughtful Investor, which since has become a value investing classic.
Graham-and-Doddsville influenced Seth Klarman's 1991 Margin of Safety and was cited by Klarman as a principal source; "Buffett's argument has never, to my knowledge, been addressed by the efficient-market theorists; they evidently prefer to continue to prove in theory what was refuted in practice". [8]
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