Somehow, the article fails to mention <i>Margin of Safety</i>, an investment book less than twenty years old, which sells for about $1000:<p><a href="http://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-Thoughtful/dp/0887305105" rel="nofollow">http://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-T...</a><p>Here's a piece on why it's so pricey:<p><a href="http://www.businessweek.com/magazine/content/06_32/b3996085.htm" rel="nofollow">http://www.businessweek.com/magazine/content/06_32/b3996085....</a><p>And here's a recent update on Klarman, who is still doing very well.<p><a href="http://www.nytimes.com/2007/05/13/business/yourmoney/13klar.html?pagewanted=all" rel="nofollow">http://www.nytimes.com/2007/05/13/business/yourmoney/13klar....</a><p>In case $1000 is out of your price range, there's a Rapidshare of a scanned .pdf:<p><a href="http://rapidshare.com/files/126088249/Margin.of.Safety.by.Seth.Klarman.1991.FullScan.pdf.html" rel="nofollow">http://rapidshare.com/files/126088249/Margin.of.Safety.by.Se...</a>
The first page of the article:<p><a href="http://www.nytimes.com/2008/09/14/books/review/Sussman-t.html?pagewanted=1&_r=1" rel="nofollow">http://www.nytimes.com/2008/09/14/books/review/Sussman-t.htm...</a>
<i>And Alloway of Motte & Bailey says he’s able to outwit the megalisters’ computers, provoking price wars and then buying up books at below market value, holding them until prices readjust.</i><p>And yet in the mind of most people, small and independent bookstores are the good guys and big book-selling corporations are evil. Baffling.