
Klarman was lead editor of the sixth (2008) and seventh (2023) editions.
Founder and CEO, The Baupost Group, from 1982
A long public record at Baupost and one book, Margin of Safety, that became a value-investing touchstone despite never being reprinted.
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Avoid permanent loss: buy well below value and aim for absolute returns.
“Seth Klarman's 'Margin of Safety' is a good book about risk.” — Arnold Van Den Berg
Source: Van Den Berg on Margin of Safety as a book about risk
Recommended by: Arnold Van Den Berg, Frank Martin, Guy Spier and 6 others
Subtitled Stocks That Return 100-to-1 and How to Find Them; expanded edition 2025.
Recommended by: Mohnish Pabrai
Recommended by: The Barefoot Investor
The 1972 original that Mayer updated; buy right and hold on.
Recommended by: Mohnish Pabrai
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