Col­lect and in­vest

Business First - - EXTRAVAGANCE -

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.

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