Have this book "Margin of Safety" Seth Klarman

[blacktreechaser]

I have no idea where to post this, but it’s a neat story:

Margin of Safety published 1991, 5,000 copies. No other editions were ever printed. It was a dud. Later the author had great success as hedge fund manager, Baupost Group. So now the book is a collector’s item, worth 4 figures and if signed, worth $10,000+. And there are counterfeits being sold online. The whole story is in today’s WSJ (Tuesday, May 16th).

[pauleckler]

When you sell your copies, don’t forget to pay capital gains.

[aj485]

@blacktreechaser

Margin of Safety published 1991, 5,000 copies. No other editions were ever printed. It was a dud. Later the author had great success as hedge fund manager, Baupost Group. So now the book is a collector’s item, worth 4 figures and if signed, worth $10,000+.

@pauleckler

don’t forget to pay capital gains.

I would point out that since the value of this book is based mostly on it’s rarity, it will be taxed at collectible capital gains rates, which are higher than regular capital gains rates.

AJ