BOLO News

Great Margins in this Book

Seth Klarman's investment book, Margin of Safety, was initially a commercial failure with only 5,000 copies printed and some given away for free. However, the book has gained cult status and high prices due to the success of Klarman's Baupost Group hedge fund in subsequent years. Signed copies are valued at several thousand dollars, while unsigned ones go for about $2,000. The book covers Klarman's principles for value investing, emphasizing patience, discipline, and a risk-averse mindset focused on long-term fundamentals. Klarman's approach resonates with Warren Buffett, who keeps a copy on his desk.

Warm Up to This Fall BOLO

The cardigan, once associated with retirees, is undergoing a fashion makeover. Brands like The Elder Statesman and Ami Paris are driving the trend, with sales at Marks & Spencer up 90% from last year. The cardigan's appeal lies in its soft power, allowing wearers to appear non-threatening while possessing hidden strength. TV shows like "Beef" and "Succession" feature characters using cardigans as a strategic fashion choice. Celebrities such as Brad Pitt and Michael B. Jordan have embraced the cardigan trend, adding their unique styles to the mix. The current popularity of cardigans follows the grunge era, and fashion experts highlight their versatility and warmth as key factors in their appeal.