Seth Klarman’s Margin of Safety: How To Build An Investment Strategy

In his now out of print book, Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor, Seth Klarman declared that avoiding loss should be the primary goal of every investor.  Q1 2020 hedge fund letters, conferences and more But this does not mean that investors should always try and avoid taking a loss on every investment.  If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Instead, Klarman explained that “don’t lose money,” signifies that over several years “an investment portfolio should not be exposed to appreciable loss of principal.” The…