Seth Klarman’s Margin of Safety Has Been Amazoned (In more Than One Way)

Is there anything Amazon can't disrupt? Seth Klarman's Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor, which has awarded him cult status in the annals of American business schools, used to be one of the rarest and most sought-after texts on value investing around. Or is it?

Klarman 2017 letter on


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