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jerryking : margin_of_safety   4

The Oracle of Boston - Seth Klarman
Jul 7th 2012 | Boston

A scanned version of “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor” has been circulating around trading floors. One hedgie likens Mr Klarman's book to the movie “Casablanca”: it has become a classic......Mr Klarman still runs Baupost like a family office. He is extremely risk averse; his primary goal is not stellar returns but preservation of capital.......He has deliberately maintained a sticky investor base composed almost entirely of endowments, foundations and families, which understand his investment philosophy and will not redeem after a few negative quarters.
Boston  hedge_funds  investors  investing  margin_of_safety  Seth_Klarman  value_investing/investors  books  Baupost  family_office 
january 2019 by jerryking
Why Panic Passes Him By -
October 15, 2008 | WSJ | By PAUL B. CARROLL who reviews
The Snowball
By Alice Schroeder
(Bantam, 960 pages, $35)

Why Panic Passes Him By
All you wanted to know about Warren Buffett – and more.

While much of Mr. Buffett's methods can't be duplicated -- genius is genius, after all -- "The Snowball" usefully emphasizes a few core Buffett imperatives: taking a close look at an investment's intrinsic value, making a brutal evaluation of its risks, and calculating a margin of safety. The book also underscores the importance of learning from failures. The Buffett-Munger approach is to "invert, always invert. Turn a situation or problem upside down. Look at it backward. What's in it for the other guy? What happens if all our plans go wrong? Where don't we want to go, and how do you get there? Instead of looking for success, make a list of how to fail instead."
Berkshire_Hathaway  book_reviews  books  Charlie_Munger  failure  genius  intrinsic_value  investing  investors  lessons_learned  margin_of_safety  off-plan  panics  Plan_B  post-mortems  risk-assessment  thinking_backwards  thinking_tragically  Warren_Buffett  worst-case 
june 2012 by jerryking
Investing secrets that you won't find at your local bookstore
Saturday, August 12, 2006 G&M column by AVNER MANDELMAN.
Distills the investment thesis of Seth Klarman who runs about
$5.5-billion (U.S.), and who, around 1991, authored the hard-to-find
investment book Margin of Safety. Klarman was hired out of Harvard
Business School to manage a $27 million fund that, as of early this
year, had grown to $14 billion. He is also the author of one of the more
expensive books in the world, Margin of Safety. An out-of-print guide
to value investing, it sells for as much as $2,500 per copy on the Web.
Baupost  book_reviews  investing  Avner_Mandelman  stocks  Seth_Klarman  margin_of_safety 
march 2009 by jerryking
Margin of safety
Margin of safety : risk-averse value investing strategies for
the thoughtful investor / Seth A. Klarman.
“ If Benjamin Graham were alive today, he might, at first blush, be more
impressed by the appreciated value of Seth Klarman's book Margin of
Safety, than with the performance of his investment fund ….that's at
first blush. Seth Klarman is a value investor and Portfolio Manager of
the investment partnership The Baupost Group, and when Klarman first
published Margin of Safety it had an original cover price of $25. The
book is now out of print, and today sells on eBay for $1,145 [that was
in 2005]. That's an increase of 4580%.
Baupost  books  investors  investing  Avner_Mandelman  Seth_Klarman  risk-aversion  Benjamin_Graham  value_investing/investors  margin_of_safety 
march 2009 by jerryking

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