Investing Book That Flopped 32 Years Ago Now Sells for Thousands

Seth Klarman's 1991 investing book 'Margin of Safety' is now a cult classic and collector's item, with signed copies fetching thousands of dollars. Libraries take special precautions to protect the book from theft.

May 21, 2023 . 12:02 AM

1 min read

Seth Klarman's 1991 investing book 'Margin of Safety' was a commercial flop, but is now a cult classic and collector's item.
Baupost Group, Klarman's hedge fund, has had enviable returns averaging about 20% annually since the 1980s.
Signed copies of the book can fetch several thousand dollars, while even unsigned ones can go for around $2,000.
Libraries take special precautions to protect the book from theft.
Counterfeit copies of the book are also being sold online.