In this episode, we break down the powerful principles in Seth Klarman’s Margin of Safety, a classic on value investing. Learn why Klarman emphasizes caution, discipline, and patience as keys to successful investing. We’ll dive into the importance of understanding intrinsic value, avoiding speculative traps, and creating a margin of safety to protect against market risks. This episode is a must-listen for anyone serious about developing a resilient investment strategy grounded in value and risk management.