Collect and invest
They say advice doesn’t come cheap and they must have been referring to the book Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor by Seth Klarman. If you want to buy yourself a holiday present, or know someone really special who could benefit then this book could definitely be an impressive addition to the bookshelf.
All you have to do is fork out between $1,979.95 to $2,399.99. If you want to go the rustic used look, Amazon has them for approximately $989.99.
According to some Amazon comments, it is one of the most-stolen library books. The reason is that it is a collector’s item. It has been out of print for about 20 years and very few copies were printed in the first place.
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.