Book Review - Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor by Seth Klarman (Initial Thoughts)

Just started this book, which I found to have favorable reviews on the goodreads.com website.

One paragraph which resonated with me:

Investors must try to understand the institutional investment mentality for two reasons. First, institutions dominate financial market trading; investors who are ignorant of institutional behavior are likely to be periodically trampled. Second, ample investment opportunities may exist in the securities that are excluded from consideration by most institutional investors. Picking through the crumbs left by the investment elephants can be rewarding.



This is in line with what I understand from Peter Lynch's One Up on Wall Street, which says 

Look for opportunities that haven’t yet been discovered and certified by Wall Street—companies that are “off the radar scope."

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