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

KLARMAN, Seth A.

Item Number: 119867

New York: Harper Collins Business, 1991.

First edition of this now classic book on value investing. Octavo, original half. Association copy, inscribed by the author, “To My Favorite Mayor, Best Wishes and congratulations! Truly, Seth.” Fine in a near 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.