“Margin of Safety” by Seth Klarman

[hendi_alex]

I just did a quick search. Found the following site that downloads a much cleaner version to the computer and also allows for downloading to iBooks on my iPad.

http://www.epubbud.com/book.php?g=VY4JVJY8

---

The regular appearance of 'tossing the baby out with the bathwater' types of opportunities is why IMO it is prudent to always keep 10%-20% opportunity cash on hand, for deploying during the most pessimistic of selling waves.