Wednesday, June 18, 2008

Keeping safe our copy of Margin of Safety

If anyone asks about our copy of Seth Klarman's 1991 book, Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor, be aware that there are unusual access policies in place for it because of the book's value on the used book market:
  • the book is in the archives
  • it does not circulate at all
  • anyone who wants to look at it must make arrangements in advance with Prof. Sandra Roff, who will sit with that person as he/she reads the book
  • limited numbers of pages may be photocopied by Prof. Roff at her discretion
If you'd like to read why this book is valued so highly, check out this 2006 article from BusinessWeek: "The $700 Used Book."

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