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.