I skipped the chapter on special case investing since I had already read Joel Greenblatt's [b:You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits|116184|You Can Be a Stock Market Genius Uncover the Secret Hiding Places of Stock Market Profits|Joel Greenblatt|https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/books/1441536672l/116184._SY75_.jpg|111891].

Klarman is different from Buffett in that he follows Graham's philosophy in a much stricter way, and does not hestitate to hold securities for a short time. Klarman sounds like a strict school teacher giving a lecture, and because of that, this book was not particularly fun to read. His clipped prose does contain less fluff than writing by Lynch, which is an advantage.

Other reviewers mentioned that they liked the book as a condensed version of security analysis/the intelligent investor. These classics by Benjamin Graham might be hard to understand for a contemporary audience because of their old-fashioned language. ( )

An excellent introduction to investing in general and value investing in particular. Shame it isn't in print any more. This book is a MUST read for any student of finance... if you can find it. ( )

Margin of Safety by Seth Klarman,

Its an amazing book, written in simple words which touches the heart and the mind at the same stroke. For Long term Investors and for Value guys i feel this book is must read. Its just not about "Margin of Safety" in buying of any business, but its also talks a lot about the psychology of Mr. Market and people playing different roles with Mr. Market.
The book is so simpl written that reading once would make it like a cake walk, but accepting it has a habit on regular basis would reuqire you to keep reading it.
I Recommend to Investors or traders or any business man to do read this book.