Why did Seth Klarman stop printing Margin of Safety?
What reason did Seth Klarman have for not allowing his book to be printed anymore?
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According to Klarman, it sold 5000 copies at first but it died out, basically wasn't a popular book back then (yea, can you imagine that?), then he just didn't care to re-publish it when it got more popular later.
I hope he does republish it though. Not that he needs the money, but a favor to finance savvy students. Tons of people would want to read it but wouldn't want to pay $1000+ for it, which leads most people to just download the pdf over the internet.
http://www.my10000dollars.com/MS.pdf
Widely available on PDF, but having a physical copy is pretty badass.
As a follow on for the thread, here is a great interview that I haven't seen until today.
Two big things that piqued my interest were:
-What he looks for in interview candidates: at least two years of experience, self starters, strong ethics.
-How he had an employee who was an absolutely brilliant investor but was morally weak and arrogant. He said that he kept him on staff so long only because he was so talented, but ultimately had to let him go.
I would love to know who he is talking about - if Klarman thinks you are a genius then you've got to pretty damn good.
Love how the interviewer thought $6B was close to the Harvard endowment haha
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