#1067

Mentioned in 22 episodes

Margin of Safety

Risk-Averse Value Investing Strategies for the Thoughtful Investor

Book • 1991

In 'Margin of Safety', Seth Klarman discusses his views on value investing, drawing from the concepts of Benjamin Graham and David Dodd.

The book critiques speculative investing and institutional investing practices, advocating for a disciplined and risk-averse approach.

Klarman emphasizes the importance of understanding the intrinsic value of investments, avoiding false precision in valuations, and maintaining a margin of safety to mitigate potential losses.

The book is divided into sections that cover the philosophy of value investing, the critique of institutional investing, and practical strategies for determining value and managing portfolios.

Mentioned by

Michael Batnick

Jennifer Wallace

Edgar Fernández

Mentioned in 22 episodes

Mentioned as a lasting contribution to the value investing community.

Seth Klarman - Contrarian Investing, Discipline, and Building Baupost

Authored by

Seth Klarman

, it's a very out-of-print book on value investing.

Seth Klarman – Timeless Value Investing (EP.328)

Mentioned by

Kyle Grieve

as the book to be discussed, highlighting Klarman's insights on investing.

TIP737: Margin Of Safety by Seth Klarman w/ Kyle Grieve

Mentioned by

Shaan Puri

when discussing tech company valuations and the 'sardine bubble'.

This Hedge Fund Manager Got Away With Insider Trading… Then Made Billions

Mentioned by

Michael Batnick

in relation to a Bloomberg article discussing his fund's performance and investment philosophy.

Your Budget Sucks (EP.397)

Mentioned by

Preston Pysh

as a highly sought-after book in the value investing space, known for its limited print run.

BTC231: Bitcoin Nation State Adoption Paradox - A Trojan Horse w/ Alex Gladstein (Bitcoin Podcast)

Mentioned by

Dan Rasmussen

in reference to Seth Klarman investor letters from the 90s.

Best of: The 'Humble' Investor Says Sell Private Equity, Sell US Tech, Buy Polish Small Caps

Mentioned by

John Waldron

as a book written by

Seth Klarman

that highlights his value investment philosophy.

Seth Klarman on finding value and maintaining discipline

Mentioned by

Xingxiu Shang

while discussing his fascination with investing.

China's Investment Potential: A Deep Dive with Jingshu Zhang

Mentioned by

Jennifer Wallace

as a formative book in her investment journey.

#46 The Numbers Lady

Mentioned by

Alex Fitch

as the book that made him decide to become a value investor.

Alex Fitch - Eliminating Ego and Finding Value

Recommended by

Porter Collins

as a favorite, emphasizing its focus on downside protection and long-term value investing.

Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)

Mentioned by

Ted Seides

as the author of Margin of Safety and editor of the seventh edition of Graham and Dodd's Security Analysis.

2023 Top Episode #1: Seth Klarman – Timeless Value Investing, EP.328

Mentioned by

Whit Huguley

as part of his reading on investment analysis during his MBA at Tulane.

Whit Huguley: The Microcap Hunter - The Quest for America's Most Overlooked Companies - How a New Orleans fund manager applies private equity rigor to $30-600M market cap gems

Mencionado por

Edgar Fernández

como una lectura recomendada para inversores, destacando su enfoque filosófico.

Todos los SECRETOS para Encontrar las JOYAS Ocultas de la BOLSA | Edgar Fernández #52

Mentioned by

Clay Finck

regarding the importance of investment managers having skin in the game.

TIP598: A Tribute to Charlie Munger

Mentioned by David Rubenstein as a legendary book on the margin of safety concept.

Lessons From Great Investors

Mentioned by

Roger Fan

as a book that influenced his investment approach.

GARRRP: Growth at a Reasonable Reasonable…Reasonable Price with Roger Fan, Founder and CIO of RF Capital Management

Recommended by

Sven Carlin

as a book providing great insights into the market.

Warren Buffett Has Sold Almost Everything: Bear Market Looms? | Sven Carlin

Recommended by

Preston Pysh

and

Stig Brodersen

as one of the best value investing books.

Classic 03: Seth Klarman's Book - Margin of Safety

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