The Roots of a Value-Investment Philosophy

Read the full article at: http://yesandnotyes.com/blog/2008/07/the-roots-of-a-value-investment-philosophy/
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I've had the good fortune of a friend loaning to me Seth Klarman's Margin of Safety. The following are my notes on the chapter entitled "At the Root of a Value-Investment Philosophy" where Klarman writes about the three central elements to a value-investment philosophy.

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