Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

The most sought-after and scarce book in investing. Seth Klarman, founder of Baupost Group, lays out his conservative value investing philosophy focused on capital preservation and finding undervalued assets with a wide margin of safety. Published in 1991 and never reprinted, original copies sell for hundreds of dollars — essential reading for any serious value investor.