“Margin of Safety” by Seth Klarman

[Kerim]

I agree completely, DW. I was thinking that once I get all the way through the book, it would be great to start a separate thread about DG versus value investing. At a very high level, my hunch is that following a pure value approach as espoused and practiced by Graham, Buffett, and Klarman is a surer way to get mega-rich from stock investing, but that it requires more knowledge, time, capital, and discipline than most folks with jobs and families can devote to investing. A dividend growth approach is much simpler to understand and execute with limited time for research and limited capital. The DG approach is much more forgiving and accessible to most lay-investors.