Margin of Safety” by Seth A. Klarman is a foundational text for value investors seeking a deeper understanding of risk management and investment philosophy. In this insightful book, Klarman emphasizes the importance of buying undervalued assets to create a margin of safety—a buffer that protects investors from potential losses. He discusses various investment strategies and offers practical advice on how to assess risk, navigate market volatility, and maintain a disciplined approach to investing.