Investing Book Highlights Series

Margin of Safety Seth Klarman T he fourth book in the  Investing Book Highlights  series is  Margin of Safety  by Seth Klarman.  This book delves into   Risk-Averse Value Investing Strategies for the Thoughtful Investor. Klarman delivers practical insights for investors via the well versed adage of buying securities at a discount to their current underlying value and holding them until their value is realized. Margin of Safety via Youtube TOP TEN JOTS 10.  All market fads come to an end. "Investors must never forget that Wall Street has a strong bullish bias, which coincides with its self-interest." states Klarman. More transactions are made during a bull market than a bear market and those transactions influence the amount of income Wall Street workers receive. Security prices going too far up and then too far down is a cycle that often gets repeated. Before buying into a security, have a margin of safety to protect you from the downside risk.