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

By Seth A. Klarman

Investors 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. Bu…