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.
And yet in the mind of most people, small and independent bookstores are the good guys and big book-selling corporations are evil. Baffling.
http://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-T...
Here's a piece on why it's so pricey:
http://www.businessweek.com/magazine/content/06_32/b3996085....
And here's a recent update on Klarman, who is still doing very well.
http://www.nytimes.com/2007/05/13/business/yourmoney/13klar....
In case $1000 is out of your price range, there's a Rapidshare of a scanned .pdf:
http://rapidshare.com/files/126088249/Margin.of.Safety.by.Se...