Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor
|Author:||Seth A. Klarman|
|Publish Date:||November 1, 1991|
About This Book:
Title: Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor
Book DescriptionInvestors are all too often lured by the prospect of instant millions and fall prey to the many fads of Wall Street. The myriad approaches they adopt offer little or no real prospect for long-term success and invariably run the risk of considerable economic loss - they resemble speculation or outright gambling, not a coherent investment program. But value investing - the strategy of investing in securities trading at an appreciable discount from underlying value - has a long history - has a long history of delivering excellent investment results with limited downside risk.
Taking its title from Benjamin Graham's often-repeated admonition to invest always with a margin of safety, Klarman's '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.
'Margin of Safety' shows you not just how to invest but how to think deeply about investing - to understand the rationale behind the rules to appreciate why they work when they work, and why they don't when they don't.
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Business & Economics > General
Business & Economics > Investments & Securities > Stocks
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Book Details Summary: The title of this book is Margin of Safety and it was written by Seth A. Klarman. This particular edition is in a Hardcover format and is also available in this version as a Paperback. This books publish date is November 1, 1991 and it has a suggested retail price of $27.50. It was published by HarperCollins. The 10 digit ISBN is 0887305105 and the 13 digit ISBN is 9780887305108. To buy this book at the lowest price, Click Here.