Seth Klarman On Why You Need A Margin Of Safety

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Rupert Hargreaves
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The key to value investing, Seth Klarman wrote in his now-out-of-print book, The Margin of Safety, is finding bargains, where investors can buy a dollar for fifty cents. Today, value investing is often attacked for being out of touch with our world, with technology driving the agenda. But as Klarman explained in his book, value investing’s core principle is a conservative analysis of underlying value and the patience to wait for a sufficient discount. This requires discipline and the ability to stand apart from the crowd. Q2 2023 hedge fund letters, conferences and more Indeed, as Klarman explained, value investors…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk