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Value investing1991

Margin of Safety

Seth Klarman

Presents a conservative value investing mindset focused on permanent capital loss, buying below value, and discipline in euphoric markets.

Author

Seth Klarman is the author of `Margin of Safety`. The book reflects an approach centered on how to estimate value instead of forecasting short-term price and demand a margin of safety.

Evaluate the framework separately from the author's reputation, and test each recommendation in the current context.