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30 Big Ideas from Seth Klarman’s Margin of Safety (E-Book)

With the possible exception of Warren Buffett, no investor today commands more respect than Baupost Group’s Seth Klarman.

Since founding his investment partnership in 1983, Klarman has not only produced unrivaled returns (in excess of 20% per year), but he has also from time to time offered wise and timeless commentary on markets and the craft of investing.

He is the author of Margin of Safety, Risk Averse Investing Strategies for the Thoughtful Investor, which became a value investing classic ever since it was first published in 1991.

As I was reading Margin of Safety for the third time, I thought of collating the key ideas Klarman has written about, and present to you as a compilation.

These ideas are hardly all encompassing of the wisdom Klarman distills through this amazing book, but these have helped me as an investor over the years. This book was written more than 20 years ago, yet Klarman’s ideas are perfectly suitable today.

All ideas in this Special Report represent direct quotes of Klarman from Margin of Safety. I have not tried to interpret them for the simple reason that I couldn’t have said better what Klarman says through these thoughts.

Click on the image below to read the 30 big ideas that Klarman presents through Margin of Safety, which I believe can help you become a more sensible and simpler investor.

If you can’t see the image above, click on the following link to access the E-Book…

30 Big Ideas from Seth Klarman’s Margin of Safety
(You can also ‘right click’ and ‘save as’ to download the file)

Happy weekend reading!

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About the Author

Vishal Khandelwal is the founder of Safal Niveshak. He works with small investors to help them become smart and independent in their stock market investing decisions. He is a SEBI registered Research Analyst. Connect with Vishal on Twitter.


  1. Just yesterday got that book and here comes your commentary on the book….. How lucky i am Vishal.

  2. It is amazing how you happen to have a copy of this book.It seems to have gone out of print.It is selling for upwards of $800 on

  3. Mahender says:

    Thank you Vishal for sharing it.
    Will go through it for sure this weekend.
    Happy weekend.

  4. Milind Malthankar says:

    Thanks Vishal for sharing valuable knowledge with all of us. I read all your articles very passionately. I must admit that your blogs is one of the best source for knowledge thought I keep following valuepickr and dalalstreet etc.


  5. Thanks a ton Vishal for sharing this and putting this together. Very interesting read. Value Investing is a difficult journey to undertake mentally and not a style suitable for all. As rightly said, one needs to understand oneself as a person before taking up this style of investing. I also fully concur with what Seth Klarman says – you will under perform initially..but it all pays off massively sooner than later. Also as he rightly says – you either get it or you don’t …value investing either appeals to you in one go or never…
    Thanks for sharing once again.
    Warm Regards
    Ashokh Bharggav

  6. Howard Roark says:

    Thanks for summarizing it. I usually get my books very inexpensively, often for one cent, but this one is exorbitant. You are providing a service. Is the copyright still valid?

    Have a happy day!

  7. Hi, where is it possible to buy a printed or e-book version of Margin of Safety?
    I am a fan of Klarman or I read about him on your blog and on the site Gurufocus.


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